Question

atch the vocabulary word to the proper definition
personal finance
liquid assets
bankruptcy
opportunity cost
personal financial planning
things you own that can be rapidly converted to cash without a risk of significant loss.
the value of what was lost by making one choice over another.
a legal process in which a court takes over some of the finances of a person who is unable to pay his or her bills
the process of planning every aspect of your personal finances financial issues that affect an individual

Explanation:

1. Personal Finance: Matches "Financial issues that affect an individual" as it deals with individual financial matters.
2. Liquid assets: Matches "Things you own that can be rapidly converted to cash without a risk of significant loss" (definition of liquid assets).
3. Bankruptcy: Matches "A legal process in which a court takes over some of the finances of a person who is unable to pay his or her bills" (legal financial process for insolvency).
4. Opportunity Cost: Matches "The value of what was lost by making one choice over another" (core concept of opportunity cost).
5. Personal Financial Planning: Matches "The process of planning every aspect of your personal finances" (defines the planning of personal finances).

Answer:

• Personal Finance: Financial issues that affect an individual
• Liquid assets: Things you own that can be rapidly converted to cash without a risk of significant loss
• Bankruptcy: A legal process in which a court takes over some of the finances of a person who is unable to pay his or her bills
• Opportunity Cost: The value of what was lost by making one choice over another
• Personal Financial Planning: The process of planning every aspect of your personal finances