When Mary received her paycheck, she was curious about the magical number before all the deductions, including taxes, were made. What is this enchanting amount called?

Simone is excitedly reviewing her paycheck and notices several deductions. What exactly are these deductions?

When Laura received her paycheck, she was curious to find out what the amount she actually takes home is called. Can you help her figure it out?

Scott and his friend Mary were discussing different types of income over a cup of coffee. Scott mentioned he received income or profit through his investments. Mary, being curious, asked, "What type of income is this, Scott?"

Mary just landed her dream job and is now earning money by trading her time and effort. What type of income is she receiving?

Grace invested in a magical rental property years ago, and now it showers her with income without lifting a finger. What type of income is this?

Simone and Kevin are on a mission to grow their treasure chest by putting their gold coins into places that promise to multiply them. What are they up to?

Scott and Colleen often daydream about a life where they can sip coconut water on a beach without worrying about work or bills. What are they dreaming about?

Teagan is stashing away some cash for those "just in case" moments. What is she doing?

Ally and Teagan decided to embark on a financial adventure by setting aside 10% of their gross income from each paycheck to achieve their safety and financial goals. What is this savvy practice called?

Mary and Scott are on a quest to uncover the mysteries of taxes! Can you help them identify which of the following taxes are PROGRESSIVE?

Kevin and Laura are on a quest to uncover the mystery of a tax that acts like insurance, providing retirement, disability, or survivorship benefits to millions of Americans. Which tax are they investigating?

Laura and Alan were having a lively chat about their paychecks when they stumbled upon some mysterious deductions labeled as Social Security and Medicare taxes. These deductions are also known as...

Scott and Mary are on a quest to uncover the mysteries of taxes! Can you help them identify which of the following are FLAT taxes? Join the adventure and check the right boxes!

Grace is on a mission to find the perfect national program that helps cover health care costs for her grandparents, who are over 65. Which program should she explore?

Laura and Kevin are having a lively debate about a tax that seems fair at first glance because it's applied uniformly, but in reality, it sneaks up and takes a bigger bite out of the wallets of low-income earners. What kind of tax are they discussing?

Laura and Grace are on a quest to uncover which federal agency is the mighty guardian of tax collection and enforcement. Is it the legendary _________?

Laura and Max have a quirky little business, and they're trying to figure out how to calculate their profit. Can you help them out?

Laura is dreaming of her savings magically doubling overnight! While magic might not be real, she can still estimate how long it will take for her investment to double in value. What enchanting formula can she use to make this estimation?

Mary and her friend Teagan are on a quest to uncover the mysteries of financial concepts. Mary turns to her wise teacher and asks, "What exactly is an asset?" Which of the following magical descriptions best captures the essence of an asset?

Laura and Kevin are on a quest to uncover the true meaning of 'capital' in the magical world of business. Laura believes it's:

Jack and his friend Laura decided to invest in a startup together. After a year, they want to see how well their investment has performed. What is the term for the percentage that shows their profit or loss over this period?

Mary and Jack have set up a super cool lemonade stand! What do they call the money they earn from selling their delicious lemonade?

Grace is on a financial adventure, trying to uncover the treasure hidden in her personal finances. She wants to calculate the magical number that represents her assets minus her liabilities. What is this enchanting value called?

Mary is on a quest to find the perfect treasure chest of investments! Which of these items is the trickiest to turn into cash quickly? (aka the most illiquid)

When Colleen borrowed some money from the bank to kickstart her dream business, what did this sum of money become in her financial adventure?

When Teagan decided to launch her dream café, she visited the bank for a loan. The bank, in turn, asked her to provide a safety net in the form of an asset, just in case she couldn't keep up with the loan payments. What is this asset called?

Canon and Laura are on a financial adventure, trying to uncover the secret formula for calculating the profit per share of common stock. What is this magical calculation called?

Max and Simone are having a lively debate about what it's called when a company shares its profits with its shareholders. Can you guess what this financial treat is called?

Alan and Laura are on a quest to uncover the mysteries of money! Alan excitedly tells Laura about a type of currency that isn't backed by shiny gold or sparkling silver. Instead, it relies on the magical trust people have in the government that issues it. What type of money is Alan talking about?

Laura and Kevin are having a friendly chat about their monthly paychecks. What term best describes the money they earn for their hard work and services?

Grace and Canon are having a lively chat about their investments in a quirky company. Grace curiously asks Canon what he would get if the company decided to sell off all its assets and settle its debts. What is Canon referring to?

Simone borrowed some money from Canon to buy a shiny new bicycle. What is the magical amount called that Canon charges Simone for the privilege of using his money?

Laura and Max are on a thrilling adventure to become part-owners of a corporation. What is the exciting term for equity ownership in a corporation that they can acquire?

Colleen and her friend Simone were comparing their new credit cards when Colleen noticed a mysterious charge on her statement that she has to pay every year just for having the card. What is this charge called?

Simone is dreaming of cruising down the highway in a shiny new car. But first, she needs to impress the bank with her 'Credit Score'. What exactly is this magical number that the bank will consider?

Grace is dreaming of cruising down the highway in her brand-new car. She's considering a loan with a 'Fixed Rate'. What exciting feature does this loan offer Grace?

Laura and Kevin are dreaming of their first cozy nest. Which financial product should they explore to make their home sweet home a reality?

Laura is planning a shopping spree and wants to know the total amount she can charge to her credit card. Can you help her figure it out?

Long-term failure to repay a loan according to the terms agreed to, which has a substantial negative impact on the borrower's credit score

The details of any loan will include the following three components:

The cost of a car is $22,000 and the down payment is $2,200. What is the total amount to be financed?

A good reason for using a credit card is that it allows the person to _____.

What is the best strategy to avoid paying interest on your credit cards?

Broker

This index tracks the largest 30 publicly owned blue-chip companies.

Anything that has value or benefit to its owner usually associated with cash used for expansion.

Also referred to as debt.

Used by investors to determine the relative value of a company's shares in 'apples-to-apples' comparison.

A high-net-worth individual who provides capital for small startups or entrepreneurs in exchange for ownership equity.

This index tracks the 500 leading U.S. publicly traded companies.

A snapshot of what the company owns and owes as well as the amount invested by shareholders.

A resource with economic value that an individual or corporation owns with the expectation that in the future it can generate or be traded for cash.

The formula for Market Capitalization

Equity is....

Profit is....

When stocks and bonds are sold to the public for the first time where the business receives an influx of capital.

When investors exchange with each other rather than the company.

A large grouping of companies with similar business activities.

This is often referred to as sales

The amount of net income (profit) reinvested into the business.

A risk management technique that mixes a variety of investments to maximize growth and reduce risk

Of these accounts, which typically has the least amount of risk?

ETF

Mutual Fund

Money Market Account

An individual retirement investment account where investment growth is tax free but deposits are taxed.

An individual retirement investment account where deposits are made tax free but withdrawals are not.

Of these accounts, which typically has the greatest amount of risk?

A share of ownership in a corporation.

The amount of money that would be returned to a company's stockholders if assets were liquidated and liabilities paid back.

A loan given by an individual to a business which must be paid back plus interest.

Something a person or company owes.

Any method by which an individual or business can invest.

A loan given by an individual to the government to be used for the public benefit such as infrastructure.

An employer sponsored, tax deferred investment plan where deposits are tax free.

An individual retirement account where investment growth is tax-free.

An individual retirement account where deposits are tax-free.

Corporate Bond

Government Bond

A pooled investment which typically follows a market index or sector.

A professionally management investment fund that pools money from many investors.

A long-term savings account that offers a fixed interest rate of six months to five years.

A long-term savings account that allows for a limited number of withdrawals but requires a high minimum balance.

Which of these investments is typically the most diversified?

A riskier type of investment strategy focused on increasing an investor's capital.

A safer than average investment strategy focused on receiving income from interest payments and dividends.

Blue Chip Stock

A company's long-term ability to meet its financial obligations such as repaying debts.

Fee paid to the lender for use of its money.

Gia and Julia share an apartment and they have to pay their internet bill every month. The amount they pay for this bill does not change and they must pay the same amount each time. What type of expense is this?

Trevor, Blake, and Ronan are sharing an apartment. They have to pay for their electricity bill, which fluctuates each month based on their usage. They can manage this cost to some extent by using less air conditioning. What type of expense is this?

Owen, Chris, and Ryan are planning a vacation to Hawaii. They have a certain amount of money saved up for the vacation. This is an example of Discretionary Spending because...

Ved, Ronan, and Brandon are planning to move in together after graduation. They are trying to budget their combined income to cover their living expenses such as rent, groceries, and utilities. What percentage of their income should they allocate for these essentials?

Kaelan is planning to save for emergencies as well as paying off her student debt as quickly as possible. She decides to allocate a certain percentage of her monthly income toward these priorities. What percentage should Kaelan allocate?

Reed, Grant, and Liam are planning their monthly entertainment. They are trying to determine the percentage of their total budget that should be dedicated to dining out and entertainment to ensure a fun time. What percentage do they agree on?

Charlie, Allison, and Madi are planning for their future. Charlie brings up a financial strategy where he can earn enough income passively, without needing to work to meet his financial needs. What is this called?

Makayla and Sam have recently started their first jobs. After receiving their first paychecks, they noticed a term 'Take Home Pay' on their pay slips. What does 'Take Home Pay' refer to?

Lenci, Marissa, and Julia have recently moved away from home. They decide to create a 'Financial Plan' for themselves. What does this mean?

Gavin, Madison, and Brady are preparing a spending plan. What is a Spending Plan?

Marina, Sarah, and Chris just received their first paychecks from their jobs. They are confused about the deductions on their paychecks. Can you help them understand what deductions are by choosing the correct definition?

MJ, Tristan, and Madison went to a local farmer's market to buy some fresh produce. They noticed that they could buy fewer fruits and vegetables with the same amount of money compared to their previous visit. This reduction in their purchasing power due to a general rise in prices over time is known as...

Charlie, Gaven, and Sofia are planning their future. Charlie wants to be in a position where he can manage his finances so well that he can afford to travel the world without needing any financial assistance. This situation is referred to as...

Ella has a house worth $300,000 and a car worth $20,000. She owes $200,000 on her mortgage and $10,000 on her car loan. What is the difference between what Ella OWNS and what she OWES? In other words, Assets-Liabilities = ?