Financial Institutions, Money, and Career Planning

What does career planning start with?

• Currency

• Technology

• Investments

• Self-assessment

Technology creates new jobs. True or false?

• True

• False

Which of the following should you not do to be fiscally responsible?

• Keep a budget

• Have insurance

• Use credit incorrectly

• Find a career that you are good at and enjoy

A combination of a person’s education, skill, knowledge, health, experience training, and talent.

• Human capital

• Capital resources

• Specialization

• Money supply

Banks are for people who are trying to save and/or borrow money. True or False?

• True

• False

Anything that is generally accepted as a method of payment for a good or service.

• Interest Rate

• Monopoly

• Money

• Regulate

Which of the following is not used as money in the US?

• Coins

• Seashells

• Currency (dollar bills)

• Deposits in the bank which can be used by debit cards and checks

Which financial institution is a business, has worse/higher interest rates and is more convenient?

• Bank

• Credit Union

• Both of the above

Which financial institution is a a non-profit group, has better/lower interest rates, but is not as convenient or country-wide?

• Bank

• Credit Union

• Both of the above

Which financial institution allows people to have checking and savings accounts and offers loans and credit cards?

• Bank

• Credit Union

• Both of the above