Wise Review Powerpoint

Post date: May 20, 2013 1:19:8 PM

Create a Google Doc that includes the following topics.You may put more than one topic on a slide.

W!SE FINANCIAL LITERACY CERTIFICATION TEST

Topics That Need Attention

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 ? (They have high rates 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, tax preparers

4. Which institution(s) charge the highest interest rates on loans (pawnshops, payday lenders, tax preparers, finance companies)

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

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

7. Compound Interest

8. Time value of money

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

10. Rule of 72

11. Reconciling a checking account—why and when

12. Repayment of student loans (check changes)

13. Tax refund advances- Good or Bad Idea

https://docs.google.com/file/d/0BxF5BP7IFLuSUzl1a29yWGF1RVk/edit