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Flashcards - Personal Finance Basics

Flashcards - Personal Finance Basics
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Social Security
In the United States, Social Security is primarily the Old-Age, Survivors, and Disability Insurance federal program
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liquidity
In business, economics or investment, market liquidity is a market's ability to purchase or sell an asset without causing drastic change in the asset's price
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liquidity
In business, economics or investment, market liquidity is a market's ability to purchase or sell an asset without causing drastic change in the asset's price
Social Security
In the United States, Social Security is primarily the Old-Age, Survivors, and Disability Insurance federal program
personal budget
A personal budget is a finance plan that allocates future personal income towards expenses, savings and debt repayment
progressive tax
A progressive tax is a tax in which the tax rate increases as the taxable amount increases
Market value
Market value or OMV is the price at which an asset would trade in a competitive auction setting

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