Pre-Post Test Financial Literacy

Makes money grow over time and helps prepare for big expenses like retirement

With a money market account, you have limited check writing and withdrawals each month.

True or False: There is typically a significant charge to set up Direct Deposit at a bank.

money owed to someone else

A personal budget helps you make decisions about your money both today and the future.

On average, people with a high school degree make more than people without

Purchasing stock means you are purchasing a _____ of ownership in the company.

Many American households spend more money than they earn.

These occur regularly and don't change from month to month.

2.  Where is it cheapest to cash a paycheck?

money paid regularly, at a particular rate, for the use of borrowed money.

Finish the quote, "The greater the risk, the greater the _______"

The Treasury keeps the banks supplied with money

A middle school student can open their own savings account with the help of a parent.

What does the phrase, "pay yourself first" mean?

1.  Which is always larger?

What was the biggest event leading to stocks being the most frequently traded security type?

3. What are some common reasons people are in debt?

You should not sign a withdrawal slip until you are in front of a teller at the bank.

Banks charge interest on money people deposit at the bank.

Extra money you have left over after paying all expenses.

You should only update your budget once a year.

An Annual Fee is the fee charged by credit card co. when you don’t pay on time.  

a plan for how to use your money, which may involve spending, saving and giving

APR stands for Annual Percentage Rate.

What is an IPO, or Initial Public Offering?

The amount of money you have earned by working

The ability to make money in exchange for work.

Some common types of investments are:

A personal budget helps you identify how you spend your money and how much you spend

If you write a check for money you don’t have in your account, the bank will charge you a fee.

to receive and use something belonging to somebody else with the intention of returning it

What should you make and follow a budget?

When a company is sharing a portion of its profits with its investors it is called____?

Something you would like to have but is not necessary to survive

the cost of goods and services

When you earn money in the stock market it is called a:

a column worksheet where you write all your transactions for an account, and keep a balance

These occur on a regular basis, you have some control over how much you spend.

The cash and coins we use, called economy, are what we use to pay for goods and services.

The amount of time your money has to stay in an account in order to earn a specific interest.

How much education you have has little to do with what kind of job you get.

Something you have to have in order to survive

A form used at the bank to record the details of the money you are putting in your account