The student will explain that banks and other financial institutions are businesses that channel funds from savers to investors. Compare services offered by different financial institutions. Explain reasons for the spread between interest charged and interest earned. Give examples of the direct relationship between risk and return. Evaluate a variety of savings and investment options; include stocks, bonds, and mutual funds.
The student will give examples of how rational decision making entails comparing the marginal benefits and the marginal costs of an action. Illustrate by means of a production possibilities curve the trade offs between two options. Explain that rational decisions occur when the marginal benefits of an action equal or exceed the marginal costs.
The student will describe how insurance and other risk-management strategies protect against financial loss. List various types of insurance such as automobile, health, life, disability, and property. Explain the costs and benefits associated with different types of insurance; include deductibles, premiums, shared liability, and asset protection.
The student will evaluate the costs and benefits of using creditaList factors that affect credit worthiness. Compare interest rates on loans and credit cards from different institutions. Explain the difference between simple and compound interest rates.
The student will describe how the earnings of workers are determined in the marketplace. Identify skills that are required to be successful in the workplace. Explain the significance of investment in education, training, and skill development.
The student will explain how changes in monetary and fiscal policy can have an impact on an individual's spending and saving choices. Give examples of who benefits and who loses from inflation. Define progressive, regressive, and proportional taxes. Explain how an increase in sales tax affects different income groups.
The student will apply rational decision making to personal spending and saving choices. Explain that people respond to positive and negative incentives in predictable ways. Use a rational decision making model to select one option over another. Create a savings or financial investment plan for a future goal.
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Q 1/22
Score 0
Anything of value that can be used for a loan
30
collateral
Q 2/22
Score 0
three things a bank offers
30
accept deposits, extend credit, provide loans
22 questions
Q.
Anything of value that can be used for a loan
1
30 sec
SSEPF2
Q.
three things a bank offers
2
30 sec
SSEPF2
Q.
an association similar to a bank, but has exclusive membership
3
30 sec
Q.
motivation that keeps you from doing or having something
4
30 sec
SSEF2
Q.
insurance for when you are sick.
5
30 sec
SSEPF5
Q.
best type of interest for saving money
6
30 sec
SSEPF4
Q.
Shares of a company that gives a part of ownership
7
30 sec
SSEPF2
Q.
loans TO the government or a business, also a least risky investment
8
30 sec
SSEPF2
Q.
a college degree can result in
9
30 sec
SSEPF6
Q.
an agreement where a buyer receives a good or service in the promise to pay later
10
30 sec
SSEPF6
Q.
you pay this when you borrow money, but earn it when you loan money
11
30 sec
SSEPF2
Q.
Why do banks charge a higher interest on loans and pay a lower interest in savings accounts?
12
30 sec
SSEPF2
Q.
type of tax based on percentage of income
13
30 sec
SSEPF3
Q.
best way to save money for a trip
14
30 sec
SSEPF2
Q.
when you look at the marginal benefit vs the marginal cost, you are
15
30 sec
SSEPF1
Q.
the insurance company will charge you a higher premium if you choose to pay a lower deductible to have pay for that risk.
16
30 sec
SSEPF5
Q.
type of insurance to continue to receive paychecks due to a injury
17
30 sec
SSEPF5
Q.
tax that has a higher percentage for lower wage earners
18
30 sec
SSEPF3
Q.
one of the biggest factors when denied credit
19
30 sec
SSEPF4
Q.
If you can pay the balance of your credit card at the end of every month, which credit card should you choose?
20
30 sec
SSEPF4
Q.
insurance for your property in an apartment or dorm.
21
30 sec
SSEPF5
Q.
What is the best way to generate income and accumulate wealth?
