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MONEY WORDS

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    IDENTIFYING TERMS RELATED TO MONEY_PART 2
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  • A stockpile of assets held by banks or countries to maintain financial stability.
    RESERVE
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  • A check or direct deposit payment for work completed.
    PAYCHECK
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  • A retirement savings plan offered by employers, often with tax advantages.
    401(k)
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  • A significant decline in economic activity, often leading to job losses.
    RECESSION
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  • A system of exchange where goods and services are traded without using money.
    BARTER
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  • A facility that produces coins and banknotes.
    MINT
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  • Payment for work, typically received on an hourly or weekly basis.
    WAGE
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  • A private investment fund that employs various strategies to generate returns.
    HEDGE FUND
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  • Occurs when a bank account balance falls below zero due to withdrawals exceeding the available funds.
    OVERDRAFT
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  • An asset pledged as security for a loan.
    COLLATERAL
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  • Assets that can be quickly converted into cash without significant loss of value.
    LIQUID ASSETS
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  • A bank account that earns interest on deposited money.
    SAVINGS ACCOUNT
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  • A professional who manages investment portfolios for clients.
    PORTFOLIO MANAGER
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  • The difference between a person's assets and liabilities.
    NET WORTH
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  • A financial plan outlining income and expenses.
    BUDGET
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  • A numerical representation of a person's creditworthiness.
    CREDIT SCORE
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