VOCABULARY
FINANCIAL LITERACY
INSURANCE
ECONOMICS
CAREER PLANNING
100
Credit is a binding agreement between two people.
What is Credit?
100
You need to be educated about money matters.
What do you need to manage money successfully?
100
Private mortgage insurance
If a down payment is less than 20 percent of the purchase price, most lenders will require the borrower to obtain what?
100
An economic system
Every nation has what?
100
So you can earn money
Why should you have a job?
200
A request for a financial institution to refuse to honor a check written.
What is a stop-payment order?
200
It depends on your goals, expected income, and age
What criteria depends on whether you meet your financial needs?
200
Pure Risk situations
In what situations is insurance protection clearly needed?
200
All goods and services in an economy or to a limited number of goods in a selected segment.
What may the term “Market” refer to?
200
Applicable skills used to help an individual find a job, perform in the workplace, and gain success in a job or career.
What are Employability Skills?
300
The person who rents the property.
What is a lessee?
300
Family, friends, good health, meaningful work, financial security, and inner peace
What are important values for many people?
300
The insurer
For a fee, who provides the insured with protection against economic loss?
300
Determines how well they live and how well the economic system works
What does way consumers perform activities determine?
300
Related career fields
What are Career Clusters centered on?
400
Critical skills necessary to perform the required work-related tasks of a position.
What are are job-specific skills?
400
Priorities
What has a major impact on the choices you make as a consumer and in your financial life?
400
Amount of the deductible
In general, the higher the what?, the lower the premium.
400
What to produce and how much? How to allocate resources in producing goods and services? For whom are the goods and services produced?
What are three economic questions a nation must answer?
400
A postsecondary plan
What is a career Plan also know as?
500
National student organizations with local school chapters that are related to career and technical education (CTE) courses.
What are Career and technical student organizations (CTSO's)
500
Is the goal realistic and possible? Can I break big goals into smaller pieces? Can I measure my progress? What will the goal cost in time, money, and effort? Will I still want the goal by the time I am able to reach it?
What should you ask yourself as you set and rank your goals?
500
Comparison shop
What is it wise to do before purchasing insurance?
500
The flow of goods, services, labor, money, ideas, and technology across national borders.
What is Economic Globalization?
500
They influence how you relate to other people and make decisions about your education and career.
How do Values affect your life?