Financial Literacy Final Study Guide

The final will consist of 20 free response questions on the topics listed below. Use your book, research on the internet, and ask questions.

Take notes on the following films and articles.
Student Debt Story 1
Student Debt Story 2
Documentary about student debt

Investing
Certificated Deposit
Compound Interest - Article How it works
Stocks
Difference between APR and APY - Article

Insurance
Car
Health - What is the difference between HMO and PPO?
Deductible
Co-Pay
Life Insurance

Debt
Student Loan
Car Loan
Credit Card - Understanding Credit Card Debt
Mortgage

Budgeting
Typical Living Expenses - Rent, Water, Gas, Electric, Internet, Phone, etc.

Taxes
Federal
State
County
City
Social Security
Medicare

Work Pay
Salary
Overtime Pay
Commission

Basics
Writing a check
Where is the checking account number located on a check?
Making a deposit

Automobile
California car tax?
Cost associated with vehicle ownership
Importance of CarFax report when purchasing a used car
Leasing vs. Buying - Pros and Cons

Credit Score
What is a credit score?
In what situation will you be asked for your credit score.
How do you build good credit? What is bad for your credit score?