Financial Decision-Making Simulation Insights

The JA Finance Park simulation provides students with a practical experience in budgeting, credit use, taxes, and career planning. Students adopt real-life personas and create personal budgets, making spending decisions and payments. Volunteers assist and guide students through the simulation phases, including setup, savings, research, and budgeting. The experience concludes with a debriefing session where students reflect on their learning and career goals.

What is the primary goal of the JA Finance Park simulation?

• To teach students about historical events

• To improve students' physical fitness

• To enhance students' artistic skills

• To provide hands-on experience in financial decision-making

Which of the following is NOT a topic covered in the classroom learning before the simulation?

• Budgeting

• Use of credit

• Art history

• Career planning

What do students adopt during the simulation?

• Fictional characters

• Historical figures

• Virtual pets

• Real-life personas

What is the role of volunteers in the simulation?

• To conduct sports activities

• To manage the cafeteria

• To grade students' performance

• To provide student assistance and facilitate group activities

What is the first financial decision students make in the simulation?

• Investing in stocks

• Purchasing a house

• Saving

• Buying a car

During the research phase, what do students explore?

• Historical landmarks

• Businesses in JA Finance Park

• Art galleries

• Sports facilities

What is the main goal of the budgeting phase?

• To create a plan for monthly spending

• To learn about historical events

• To improve artistic skills

• To conduct scientific experiments

What do students use to track their spending during the shopping phase?

• A status bar

• A physical notebook

• A spreadsheet

• A mobile app

Which of the following expenses often surprises students during the simulation?

• Concert tickets

• Childcare

• Movie tickets

• Video games

How do students make payments for their selected items?

• Using debit cards and electronic transfers

• Through barter system

• With cash only

• Using credit cards only