Financial Literacy
What do you call a fee received for the use of money? Hint: Financial institutions charge this fee when you pay back loans.
Interest
What is the word for the place where people live, work, trade, and share?
Community
What are the three types of resources used to produce goods and services? Hint: One of the types of resources is human resources.
Human, Natural, Capital
Theo doesn’t really like playing the guitar, but everyone knows he has developed an ability for it. What’s another word for his ability? Hint: Along with interests, this is what you want to consider when making career decisions.
Skill
What do you call the money that’s left over after a business pays its costs?
Profit
What do you call a member of a town, city, county, state, or country? Hint: You signed a pledge to become one of these for JA BizTown.
A Citizen
Before Simon deposits his paycheck at the bank, he must do what on the back of the check? Hint: It is what you did on the back of your paycheck at JA BizTown before you deposited it.
Endorse (sign) it
Elijah enjoys his right to use public goods and services. What is the responsibility that goes with that right?Hint: It is one of the reasons your pay check may be less than you expected
To pay taxes
Where do people and businesses come together to buy and sell goods, services, and resources? Hint: The answer starts with the letter M
Markets
Which of the four career types is missing from the following list: People, Things, Ideas,....? Hint: This is the career type that involves working with numbers or information
Data
Rochelle sells lemonade at her neighborhood lemonade stand. Does she sell a good or a service? Hint: Lemonade is something people buy and use.
Good
What is the term for charitable giving to increase the well-being of a community? Hint: Someone who donates money to charity is participating in....
Philanthropy
Liam deposited $5.00 in the bank. He then wrote a check for $4.00. Where should he record these transactions? Hint: It is where you record your financial transactions at JA BizTown.
Money Tracker-
Also accepted: Check book
Before Sally can vote, she must do what? Hint: Once you do this, you get a special card that lets your vote.
Register (to vote)
Which concept tells us that people can’t have everything that they want? Hint: It is the term we use to explain that resources are limited
Scarcity
Teresa is skilled at knowing how to act as an employee. She dresses appropriately, treats customers nicely, and is punctual. What are these important skills called?
Soft Skills
When a business takes out a loan at a bank and promises to repay the loan, what must it sign?
Promissory Note
Junior Achievement is an institution that increases the well-being of young people by inspiring and preparing them to succeed in a global economy. What type of organization is Junior Achievement? Hint: Junior Achievement is not about earning a profit.
Nonprofit Organization
Where does the money get deducted from when you make a purchase with a debit card?
Your checking account (or bank account)
What are the three T’s of philanthropy?
Time, Treasure, and Talent
Someone who is an innovator, recognizes opportunities, and organizes resources to make a product is known as an…? Hint: Someone who starts a new business is one of these.
Entrepreneur
When applicants seek a job, what should they write to spark an employer’s interest?
A Resume
Businesses need customers. What do they do to promote their products to customers? Hint: Businesses do this on TV, on radio, and in magazines.
What is 40 + 30 - 3?
67
Shane wants cash back from his deposit. What must he do on his deposit ticket that is different from when he doesn’t want cash back? Hint: It is the same thing you do on the back of a paycheck before you can deposit it.
Write his signature (endorse)
What’s the term for things owned by all people for everyone’s use, for example, a city park? Hint: People pay taxes to provide these things.
Public goods and services
What is the freedom that Tom enjoys when he buys a new tractor to use on his farm? Hint: It is the same freedom that allows someone to buy land
The right to own property
What is the term for the amount an employee earns before taxes are deducted? Hint: It is NOT net pay.
Gross Pay
What do you call the expenses for rent, utilities, supplies, advertising, and equipment for a business? Hint: Every business has these types of costs, even hospitals whose doctors perform surgery.
Operating Costs
What’s another name for a model or sample of a product? Hint: The word begins with the letter P
Prototype