Income 1 | Stock Market (Earning Income) | Sources of Income | Banking & Accounts | Banks & Financial Institutions |
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What is self-employed?
Working for yourself, not for a company.
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What is a Stock?
Represents the ownership of a fraction of a corporation. Units of stock are called "shares."
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What is Interest?
Income I recieve when my money sits in a savings account.
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What is chequing?
This is the account most people use for their day-to-day banking.
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What is a Payday Loan?
People borrow money is they have no credit score or if they are waiting for their next pay check.
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What is "Working for Others"?
Health plans, paid vacation days, & sick days are benefits to working this way.
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What is Shareholder?
The owner of a stock is often called a
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What is compound Interest?
When your money earns money (it's nickname is the 8th wonder of the world).
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What is Overdraft?
This is the name of the fee charged to me if I dip BELOW $0.00.
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What is a bank?
This financial institution is FOR-profit. They make money.
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What is Self-Employed?
Being able to set my own hours and choose where I work are usually benefits to working this way.
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What is a Ticker Symbol?
The 2-4 letter code of a business being bought/sold/traded on the stock market is called this.
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What is an Inheritiance?
Great Granny has passed away & left all her money to her cat....and you. This money is called _____.
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What is Unbanked?
People who don't have their money in a bank are called this (they think it's best b/c they aren't paying bank fees)
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What is a Credit Union?
This financial institution is non-profit. They re-invest all their money back to the organization, community or pass it on to members.
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What is Wage?
Being paid by the hour.
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What are Stock Markets?
NYSE & Nasdaq are both these.
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What is From their Families (were given the money)?
1 myth about millionaire is that they all earned their income _____
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What is Overdraft Protection?
_____ ______ sounds like the bank is doing YOU a favour by letting you spend MORE than you actually have. (note: It's really not a good thing).
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What is 14 yrs old?
The average age people open a bank account.
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What is Salary?
Being paid a flat monthly or annual rate.
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What is when you sell the stock?
Other than earning dividends, this is the main way people make money in the stock market.
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What is EI, Child Tax Benefit, etc?
An example of a Government Transfer is _____.
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What is Bank Statement?
The purpose of a ____ ______ is for you to check your monthly income, transactions, & fees charged.
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What is FALSE? They still do charge some fees for some accounts.
True or False: Credit Unions don't charge fees becasue they are non-profit.
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