| A | B |
|---|---|
| Define Consumer | A person or organization that uses a product or service |
| Define Debt | An obligation of repayment owed by one party to a second party in most cases: repayment includes interest |
| Define Financial Literacy | The knowledge and skillset necessary to be an informed consumer and manage finances effectively |
| Define Personal Finance | All the decisions and activities of an individual or family regarding their money, including spending, saving, budgeting, etc. |
| Define Economy | A system by which goods and services are produced and distributed |
| Define Interest | A fee paid by a borrower to the lender for the use of borrowed money; typically interest is calculated as a percentage of the principal |
| Define Loan | A debt evidenced by a “note”, which specifies the principal amount interest rate and date of repayment |
| Define Credit | The Granting of a loan and the creation of debt; any form of deferred payment |
| Why should students should learn about personal finance? | Learning to manage money at this stage can eliminate financial mistakes and promote huge financial benefits for the future |
| Personal financial success is primarily the result of: | Managing your money behavior |
| What are Key components of financial planning include | Allow your financial planner to make all of your major money decisions |
| When it comes to managing money, success is about | 20 Knowledge, 80 behavior |
| What is the primarily widespread financial insecurity of Americans today? | The saving rate of Americans is low and many borrow in order to spend more than they earn |
| Why was the use of credit uncommon prior to 1917? | -Laws prevented lenders from charging high interest rates.-Borrowing money was generally not socially acceptable.-Lending money to others was not profitable. |
| When it comes to personal finance, the math is easy. What’s challenging is managing your ____? | Behavior |
| Explain why understanding your money personality is important when it comes to developing a money plan thatʹs right for you. | Understanding your personal strengths and weaknesses when it comes to money will help you manage your spending and saving behavior. |
| Explain how marketing can affect your decisions when it comes to spending money | We are bombarded with marketing ads that push us to buy things. Marketing also encourages us to ʺbuy now and |
| A person or business that offers loans at extremely high interest rates | loan shark |
| Pick one: An obligation of repayment owed by one party to a second party (debt, ownership) | Debt |
| Pick one: A person or organization that uses a product or service (borrower, consumer) | Consumer |
| Pick one: The granting of a loan and the creation of debt; any form of deferred payment (credit, annual fee) | Credit |
| The knowledge and skillset necessary to be an informed consumer and manage finances effectively | Financial literacy |
| Pick one: A system by which goods and services are produced and distributed (assets, economy) | Economy |
| Pick one: A fee paid by a borrower to the lender for the use of borrowed money. (bills, interest) | Interest |
| Pick one: A debt evidenced by a ʺnote, ʺ which specifies the principal amount, interest rate and date of repayment (bank fee, loan) | Loan |
FAQs
Is Quia a good website? ›
It is an excellent tool for creating review activities prior to tests and quizzes. It is also great for assessments. Quizzes can easily be created. Once students log in to Quia with the class codes you have assigned, students can take quizzes and the results are sent to you instantly.
Does Quia record you? ›If a quiz is submitted incorrectly, Quia retains absolutely no record of a student's answers and therefore no credit can be given. Quia DOES keep a record that the student entered the exam which, in most cases, is sufficient to prevent a student from entering the exam a second time without a requested reset.
What are the cons of Quia? ›It lacks features of modern quiz-making sites: randomization of answer order, easy and aesthetic LaTeX, timed quizzes, student-pleasing visuals.
Do you have to pay for Quia? ›Student features, like taking quizzes, having a student account, and viewing instructors' classes, are also free. However, to create your own activities, create class rosters, or administer online quizzes, you'll need a subscription. Rates are $99 (U.S. dollars) per year for an individual instructor.
What is Quia used for? ›Quia is a web tool for quintessential instructional archive and provides a wide variety of tools that are used by teachers. It is a popular platform for educational activities for teaching and learning for all areas of education.
What can Quia track? ›Quia allows you to track the amount of time students practice activities.
How old is Quia? ›1998. IXL Learning was founded in 1998 when we released Quia Web, the first website that allowed teachers and learners to create and share customized study materials, from matching games to flashcards, quizzes and more.
Is Studocu a good website? ›studocu is a very good education platform. The study materials in it are useful for many students. Similarly, former students can upload their study material and help other students with a small income. This includes cash prizes and lottery prizes.