W!SE Financial Literacy Exam The test will be on Wednesday, June 1 50 questions , 60% is passing There are FOUR subject areas covered: Money/Money Management/Personal Finance B. Banks & Banking Credit D. Insurance & Investing This will count as your Final Exam (10% of your overall grade.) Moneypower.org has many practice tests CASE SENSITIVE Login: Shs360 Password: hS3420 Why study for this? 1. Board of Ed. is paying for it 2. Certifications matter when seeking employment 3. it is your final exam 4. Do not let opportunities pass you by EXTRA CREDIT: ATTEND STUDY SESSION 2:59 to 3:45 everyday starting Tuesday 5/17 5/16 W!SE practice moneypower.org 5/17 W!SE Review Subject A 5/18 5/19 Subject B 5/20 5/23 Subject C 5/24 5/25 IES Field Trip? 5/26 Subject D 5/27 W!SE Review Subject D 5/30 NO CLASSES Memorial Day 5/31 Final W!SE REVIEW 6/1 *W!SE TEST 6/2 *W!SE Make-up 6/3

A - Money / Money Management / Personal Financial Planning   Barter Garnishment Gross vs. Net Pay Inflation Social Security Tax (FICA) Windfall Income Compound Interest Principal Simple Interest Rule of 72 Time Value of Money 401k , 403b Mortgage ( Fixed vs. Adjustable) Equity Consumer Price Index (CPI) Asset Liability Net worth Pension Real Estate IRA Budget Deficit Emergency Fund Fixed Expense Short, Intermediary, and Long-term goal Needs vs. Wants Opportunity Cost Pay yourself first rule Variable Expense SEC Helpful websites: http://www.japersonalfinance.com/gsjapf/sim/sim_intro2.htm  Junior Achievement http://www.frbsf.org/currency/index.html Federal Reserve Bank

B - Banks & Banking S & L Bank   Brokerage /Securities U.S. Savings Bond ( EE HH) Safe Deposit Box U.S. Treasury Department Federal Reserve Bank Bounced Check Cashier’s Check Credit Union Accountant Banker Collateralized Loan Commercial Bank Money Order Reconcile  FDIC IRS Helpful websites: http://www.bos.frb.org/education/pubs/banking2.pdf

C - Credit Helpful websites : www.consumerjungle.org 3 C’s of credit   APR Bankruptcy Chapters 7,11, 13 Consumer Credit Counseling Services Collateral FICO Score Credit Reporting Agencies Revolving Credit Installment Credit Truth in Lending Act Fair Debt Collection Practices Act Repossession Predatory Lending Default Lien Payday Loans Finance Charge Helpful websites : www.consumerjungle.org

D - Insurance & Investing Deductible   Beneficiary Cash Value Claim Death Benefit Disability Insurance Securities Stock (Growth, Income, common, preferred) Treasury Bill (T-Bill) Treasury Note (T-Note) Risk Whole vs. Term Life Insurance Renters Insurance Rider / Floater Bull vs. Bear Market Blue Chip Stock Bond Capital Gain Diversification Return on Investment (ROI) Homeowners Insurance Insurance Premium Broker Financial Planner Dividend Dow Jones Liquidity Mutual Fund NASDAQ S & P 500 Helpful websites: www.iii.org Insurance Information Institute