Solution manual and test bank MOney management skills (2)

Name ______________________________________

Cha pt er 2: M on ey M a n a gem en t Sk i lls
1

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L O N G T
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M O

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14

D
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F
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L I
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9

A S S E T S
A
11
F

C A S H
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A
12
D I S C R E
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A B I L I T I
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B U D G E T V A R I A N C
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E R M L I A B I L I T I E
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N E Y M A N A G E M E N T
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L I Q U I D A
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I
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F L O W S T A T E M E N T
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T I O N A R Y I N C O M E
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A
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I N S O L V E N C Y
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E S
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R
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B U D G E T
H

Across
1. The difference between the amount budgeted and the
actual amount received or spent.
4. Debts you do not have to pay in full until more than a
year from now.
5. Day-to-day financial activities necessary to manage
current personal economic resources while working
toward long-term financial security.
6. Cash and items of value that can easily be converted
to cash.
8. Cash and other property with a monetary value.
10. Inflows of cash to an individual or a household.
11. A summary of cash receipts and payments for a
given period.
12. Money left over after paying for housing, food, and
other necessities.
13. The amount by which actual spending is less than
planned spending.
16. The inability to pay debts when they are due because
liabilities far exceed the value of assets.
17. Amounts owed to others.
18. A specific plan for spending income.

E

3

B
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L
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N C O M E

U R P L U S

Down
2. Debts you must pay within a short period of time,
usually less than a year.
3. Reports what you own and what you owe.
7. Earnings after deductions for taxes and other items;
also called disposable income.
9. A private storage area at a financial institution with
maximum security for valuables.
11. The actual inflow and outflow of cash during a given
time period.

14. The amount by which actual spending exceeds
planned spending.
15. The difference between total assets and total
liabilities.