The test will be on Wednesday, June 1 50 questions, 60% is passing There are FOUR subject areas covered: A.Money/Money Management/Personal Finance B. Banks.

Slides:

Advertisements

Similar presentations

Personal Finance: Insurance Insurance is to provide financial protection against different kinds of risks we face in life. Insurance Policy: Your policy.

Advertisements

Checking Savings Investments. Checking Account 90% of transactions involving money are made with checks.

McGraw-Hill/Irwin © 2008 The McGraw-Hill Companies, Inc., All Rights Reserved. Asset Classes and Financial Instruments CHAPTER 2.

1 Get a Handle on Your Money. 2 Financial Foundation Goals Emergency Fund Budget Financial Records Credit Record Life Disability Health Property Liability.

BELL WORK What is the meaning of the cartoon?. VU NGUYEN FINANCIAL INTERMEDIARIES.

Investments & The Stock Market

W!SE Test Topic Checklist Topics that are often problematic for students.

ECON305, Maclachlan, Fall 2006 Money & Banking Introduction Chapters 1 & 2 Week 1.

Contemporary Investments: Chapter 3 Chapter 3 DIRECT INVESTMENT ALTERNATIVES What are money market instruments? What are bonds and other long-term fixed.

9 Chapter Financial Institutions.

Types of Investments  Savings Savings  Treasury Bills Treasury Bills  Bonds Government Municipal Corporate  Education  Mutual Funds  Real Estate.

Investment Vocabulary. Appreciation O An increase in the basic value of an investment.

Unit 4. Money Three Uses: Medium of Exchange Barter Economy vs. Monetary Economy Unit of Account Store of Value Six Characteristics of Currency Durability.

2 Money Management Skills

1. How does the time value of money effect the future value of an investment? 2. Why is it important to diversify your investments? 3. How are liquidity.

Chapter 8 Savings. Essential Questions What is the purpose of a savings plan? What needs to be considered when considering where to save your money What.

Finance 101. Cash Checking accounts – NOW accounts Money Market accounts CDs.

Consumers & Savers A consumer is anyone who buys goods or services for personal use. Consumer spending is the biggest component of total spending in the.

Prentice-Hall, Inc.1 Chapter 5 Cash or Liquid Asset Management.

Chapter 4 Study Guide.

Asset Classes and Financial Instruments

1 Investing  Making money with money  Investing = Saving  It involves risk—you can lose your $$

Part Chapter © 2009 The McGraw-Hill Companies, Inc. All rights reserved. 1 McGraw-Hill Personal Finance 1 Chapter 14.

Financial Literacy Final Exam Review. Who pays for health insurance under Obama’s plan?

Saving and Investing Why Save? And How?. Teacher/Parent Interview Do you have a written budget? What strategies do you use to allocate your financial.

SAVING AND INVESTMENT BASICS

A. False U.S. money is NOT backed by gold U.S. money has value based on the confidence in and strength of the U.S. Government.

© 2012 Cengage Learning. All Rights Reserved. Principles of Business, 8e C H A P T E R 19 SLIDE Saving and Investment Planning Stock.

Take Charge Saving & Investing. Insuring Deposits  FDIC  Federal Deposit Insurance Corporation  Protects Checking, Savings, MMA, & CDs  Insures money.

Financial Planning for Retirement. The financial planning process for retirement 1. Review your savings and investments 2. Estimate your retirement income.

Exploring Business © 2009 FlatWorld Knowledge 13-1 Chapter 13 Managing Financial Resources.

ALOMAR_212_4 1 Financial Market Instruments. ALOMAR_212_42 What are the securities (instruments) traded in the financial market? 1- Money Market Instruments:

Chapter 11 Financial Markets.

Savings & Investment Vehicles Mike Meade. Saving vs. Investing Saving o Putting money away for safe-keeping o Emergency funds o Zero risk Investing o.

Personal Finance Test Review. Post Test Review A. Credit is the ability to obtain goods/services before payment is made based on the trust that payment.

Introduction to Saving. Saving Basics Savings is the portion of current income not spent on consumption. Recommended to have a minimum of 3-6 months salary.

Financial Markets Investing: Chapter 11.

1 Chapter 2 Flow and Sources of Real Estate Funds.

ALOMAR_212_31 Chapter 2 The Financial System. ALOMAR_212_32 Intermediaries, instruments, and regulations. Financial markets: bond and stock markets Financial.

Chapter 11 Financial Markets. Investment Investment is the act of redirecting resources from being consumed today so that they may create benefits in.

Money, Banking, & Finance Money & Banking Federal Reserve Managing Your Money Planning & Budgeting Saving & Investing Bonds & Other Financial Assets The.

Building: Knowledge, Security, Confidence Borrowing Basics.

Financial Markets, Instruments, and Market Makers Chapter 3 © 2003 South-Western/Thomson Learning.

McGraw-Hill/Irwin ©2008 The McGraw-Hill Companies, All Rights Reserved Chapter Five The Financial Statements of Banks and Their Principal Competitors.

Jeopardy CreditSavingInvesting Gov’t Misc. Q $100 Q $200 Q $300 Q $400 Q $500 Q $100 Q $200 Q $300 Q $400 Q $500 Final Jeopardy.

money you have in a bank either in checking (where you can use the money with an ATM card or by writing a check) or savings (where you earn interest)

Managing Your Money Chapter 23.

McGraw-Hill/Irwin © 2002 The McGraw-Hill Companies, Inc., All Rights Reserved ChapterTwenty-Two Managing Personal Finances: Who Wants to Be a Millionaire?

CHAPTER 11 FINANCIAL MARKETS. SAVING AND INVESTING SECTION ONE.

Chapter 17 Financial Services 1 ©2008 Thomson/South-Western.

Financial Markets Chapter 11. Investment Act of redirecting resources from being consumed today so that they may create benefits.

Chapter 11 Financial Markets.

Chapter 6 Saving & Investing. Deciding to Save There are many reasons to save:  for purchases that require more funds than you usually have at one time.

Money Investments  What is an investment?  Investment is something bought for future financial benefit.  Promotes economic growth  Contributes to wealth.

1.9.3.G1 © Family Economics & Financial Education – Revised April 2005 – Housing Unit – Renting vs. Owning a Home Funded by a grant from Take Charge America,

Investment Your money making money. Social Security Def. Comprehensive federal program providing workers and their dependents with retirement, disability.

Money Management Getting a strong start 2 Achieving financial goals 3 Planning a secure future A project of Consumer Action |

Role of Financial Markets and Institutions

Investment Planning Chapter 11. Investing Placing money in some medium such as stocks, bonds or real estate in the expectation of receiving some future.

Financial Intermediaries Institutions that channel savings to investors; such as banks, insurance co.’s and credit unions.

Unit 5: Saving & Investing

Personal Finance Review.

Cash or Liquid Asset Management

Checking Savings Investments

W!SE Financial Literacy Exam

Financial Markets Chapter 11

Some Challenges Associated with the W!SE Exam

Key Financial Concept Terms I

THIS IS Jeopardy. THIS IS Jeopardy With Your Host... Ms. B.

Saving and Investing.

Presentation transcript:

The test will be on Wednesday, June 1 50 questions, 60% is passing There are FOUR subject areas covered: A.Money/Money Management/Personal Finance B. Banks & Banking C.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 W!SE Financial Literacy Exam 5/16 W!SE practice moneypower.org 5/17 W!SE Review Subject A 5/18 W!SE Review Subject A 5/19 W!SE Review Subject B 5/20 W!SE Review Subject B 5/23 W!SE Review Subject C 5/24 W!SE Review Subject C 5/25 IES Field Trip? 5/26 W!SE Review 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: Junior Achievement 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:

C - Credit 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 :

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: Insurance Information Institutewww.iii.org