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VAULT

Quiz yourself by thinking what should be in each of the black spaces below before clicking on it to display the answer.
        Help!  

Term
Definition
assets   what a person owns of value, such as jewelery,savings, art, home, and a car.  
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bank   a place where people put their money for safekeeping, and for easy access.  
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brokerage firm   helps people invest their money  
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budget   a spending plan people make in order to make sure there is enough income to civer all expenses  
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career   something you build by going to school and working jobs related to the career you want.  
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certificiate of deposit   a savings certificate that gains interest and has a set time bfore you can withdraw the money.  
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charity   giving resources or volunteering time to help those in need.interest  
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comparrison shopping   finding out whether or not qhat you are about to buy can be found for a better price or in better shape at a different store.  
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controlling risks   stuff you do to make stuff less dangerous or dangerous at all.  
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credit   a loan that a person uses to pay for things, but is expected to pay back.  
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credit union   just like a bank, only its members own it.  
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decision making   considering different information to make a choice  
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entrepreneur   a person who starts his or her own business.  
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expense   the cost of things that people spend money on  
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financial advisor   a person who is an expert at handlong moaney and can give you information and advice aboyt money and savings.  
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financial institution   a place, like a bank, that helps its members manage money.  
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literacy   the knowledge and skills to manage money.  
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insurance   helps people pay for medicine and doctors when they are sick or hurt.  
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impulse buying   bbuying stuff without thinking about whther you need it or not.  
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income   money earned from working and other means.  
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income tax   annual tax placed on the employees make at jobs and collected by the federal government, most states, and some local governments.  
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inflation   the price of goods and services rises over time.  
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interest   an extra fee charged for borrowing money or the cost og borrowing money.  
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investing   when you a security like a stock or a bond, in the hopes over time that it will make money  
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job   work you do for money  
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long-term goal   a goal that can be achieved in a longer amount of time.  
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need   something you truly cannot live without  
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oppurtunity cost   the cost we pay to give up something to get something else.  
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payment method   what you use to pay for something  
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peer pressure   doing stuff because your friends are doing it, or because your friends told you to, because you want your friends to like you.  
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privacy   keeping important information to yourself, or in between your family members.  
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reliability   being trustworty; being responsible  
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risk   an activity that might be dangerous.  
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risk prevention   stuff you do to stop consequences from happening  
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salary   payment for work, represented as a yearly sum and paid in proportions  
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sales tax   a fee added to the sticker price of an item that is paid to state only.  
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savings   money set aside for short- or long term goals.  
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savings account   an account hat gains interest and allows withdrawals  
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short-term goals   a goal that can be achieved in a short amount of time  
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spend   to use money to buy stuff  
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taxes   fees placed on income, purchases, ot property to support government programs  
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wage   paumrnt for work, usually calculated on an hour, daily, or piecework basis and paid on schedule  
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want   something you would like to have but will be okay without  
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