Build a Wall " W!SE FINANCIAL LITERACY Topics A & B"

Post date: Nov 18, 2013 2:27:5 PM

Build a Review Wall. Tutorial Video.

Build a Wall using Wise Topics A & B , Include images

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Include Pictures for Each Term Wise Topics A & B.

A.Money

1. Sources of income

2. What is an exemption (also called an allowance) and how does it work

3. Liquidity—what does it mean; what products are liquid

4. Gift cards and how they work : Vid

5. Discretionary income

   1. Money orders (high rate of counterfeits) : definition

6. Why US currency has value

7. Opportunity cost

B. Banks and Banking

1. Pay yourself first

2. CD: What is it and what happens if you cash it before maturity

3. Institutions that give loans—banks, credit unions, pawnshops, finance companies, payday lenders,

4. tax preparers

5. Which institution(s) charge the highest interest rates on loans (pawnshops, payday lenders, tax

6. preparers, finance companies)

7. What is a credit union and what is the advantage of using a credit union

8. Overdraft protection (opt-in regulation) and how it works

9. Compound Interest

10. Time value of money

11. Liquid financial products (savings and checking accounts) vs. products that are less liquid

12. Rule of 72

13. Reconciling a checking account—why and when

14. Repayment of student loans (check changes)

15. Tax refund advances- Good or Bad Idea