UNIT ONE: INTRO TO FIN LIT (FINAL)

Imagine you're on a survival adventure with Samuel, Abigail, and Isla. What is the first thing you need to secure according to Maslow's Hierarchy of Needs?

• Basic physiological needs like food, water, and shelter

• A sense of purpose and self-fulfillment

• Strong social relationships and belonging

• Recognition and achievement from others

• Personal growth and creativity

Imagine you're in a magical land where money has personalities! What quirky trait would the money known as "money avoidance" have?

• Believing that wealth leads to happiness and success

• Viewing money as a source of evil or stress

• Managing money with confidence and strategic planning

• Avoiding unnecessary expenses and prioritizing savings

• Seeking financial growth through investments and wealth-building

Imagine Sophia and Rohan are having a lively debate about the concept of "money worship." What do you think is the main characteristic of this intriguing money mindset?

• Avoiding money due to fear or ethical concerns

• Managing finances with careful budgeting and planning

• Prioritizing financial security over material wealth

• Valuing experiences and relationships over accumulating wealth

• Believing that more money will lead to happiness and solve all problems

Imagine you're a financial detective like Olivia, always on the lookout for clues to make smart money moves. What is the main characteristic of the money value known as "money vigilance"?

• Believing that money leads to happiness and success

• Avoiding money due to fear or ethical concerns

• Spending freely without worrying about long-term consequences

• Being careful, frugal, and watchful about financial decisions

• Prioritizing material possessions over financial security

Imagine you're in a lively debate with your friends Jackson, Ava, and Zoe about the concept of "money status." What do you think is the main characteristic of this money value?

• Believing that wealth is a measure of personal success and social value.

• Being cautious and frugal with financial decisions

• Avoiding money due to fear or ethical concerns

• Valuing experiences and relationships over wealth

• Prioritizing financial security over material possessions

Imagine you're helping Michael understand his paycheck. What does his "gross" pay describe?

• Take-home pay after taxes and deductions

• Extra income earned from bonuses and commissions

• Total earnings before any deductions

• The amount of money received after retirement contributions

• Net pay deposited into a bank account

Benjamin just received his first paycheck and is curious about what his "net" pay means. Can you help him figure it out?

• Take-home pay after taxes and deductions

• Total earnings before any deductions

• Gross income including bonuses and commissions

• The amount earned before retirement contributions are deducted

• The full salary stated in an employment contract

Imagine you're Avery, and you've just encountered a surprise dragon in your backyard! What is the primary purpose of your emergency fund in this fantastical scenario?

• To pay for vacations and leisure activities with the dragon.

• To cover unexpected expenses, such as medical bills or car repairs caused by the dragon.

• To invest in stocks and bonds for long-term growth with the dragon's treasure.

• To save for a down payment on a house in a dragon-friendly neighborhood.

Imagine you're planning a surprise party for your friend Maya, and you want to make sure you have enough funds to cover any unexpected expenses. How much money is generally recommended to keep in an emergency fund?

• Enough to cover 1–3 months of living expenses.

• Enough to cover 3–6 months of living expenses.

• Enough to cover a year’s worth of living expenses.

• Enough to cover only one month of living expenses.

In a lively debate at the Millionaire's Club, Olivia, Maya, and Aiden are trying to guess which career is NOT among the top five for millionaires, according to The National Study of Millionaires. Can you help them out?

• engineer

• accountant

• teacher

• professional athlete

• attorney