MONEY MANAGEMENT

REVIEW QUESTIONS

 

1.) From the video we learned that some Private mints were opened despite being againsT the law.  Why did this occur? We also learned about the Gold Rush of 1849 and the Silverstirke of 1859 how did these events impact the US? Who makes our paper and coin money?  Where are they located?

 

 

7.)      WHAT IS THE PURPOSE OF A LETTER OF APPLICATION?  WHAT IS THE PURPOSE OF A RESUMEÕ? WHAT CAN YOU DO TODAY TO IMPROVE YOU CHANCES OF GETTING THE JOB YOU WANT?

 

8.)      WHAT PURPOSE DOES PAYING TAXES SERVE?  WHAT IS THE DIFFERENCE BEWTEEN TAX EVASION AND TAX AVOIDANCE?

 

9.)      WHAT IS THE PURPOSE OF THE W-2 AND W-4?  WHAT ARE THEY STATEMENTS OF?  WHICH TYPE OF TAX WITHHELD ARE YOU ABLE TO FILE FOR A RETURN AND GET BACK?

 

10.)                  SHOULD THE WEALTHIER MEMBERS OF SOCIETY BE FORECED TO PAY THROUGH TAXATION, FOR THE POORER MEMBERS?  IF SO, HOW MUCH?

 

11.)                  WHAT PURPOSE DOES A CHECKING ACCOUNT SERVE?  WHY IS IT SO IMPORTANT TO KEEP AN ACCURATE BALANCE?

 

12.)                  HOW DOES MR. ABAGNALE MANIPULATE THE CHECKS IN ORDER TO CASH THEM IN BEFORE BEING CAUGHT?

 

13.)                  WHAT ARE THE REASONS FOR HAVING A CHECKING ACCOUNT? WHAT RESPONSIBILITIES DO CHECKING ACCOUNT OWNERS HAVE WHEN USING THEIR ACCOUNT?

 

14.)                  WHATARE THE FIVE DIFFERENT PLACES WHERE YOU CAN GO TO SAVE YOUR MONEY? WHAT ARE THE THREE MAIN TYPES OF SAVINGS OPTIONS?

MONEY MARKET ACCOUNT

15.)                  WHAT ARE THE DIFFERENT KINDS OF FINANCIAL RECORDS YOU SHOULD KEEP?

 

 

16.)                  WHAT THINGS SHOULD YOU CONSIDER WHEN CHOOSING A FINANCIAL INSTITUTION FOR YOUR SAVING?

17.)                  WHY DOES A REGULAR SAVINGS ACCOUNT PAY LESS THAN A CERTIFICATE OF DEPOSIT?

 

18.)                  DESCRIBE WAYS YOU CAN FORCE YOURSELF TO SAVE.

 

19.)                  HOW DOES COMPOUND INTEREST WORK?  HOW DO YOU THINK YOU CAN TAKE ADVANTAGE OF THIS SYSTEM TO MAKE YOU MONEY WORK HARDER FOR YOU?

 

20.)                  LATIN AMERICAN NATIONS ARE TURNING TO THE U.S. DOLLAR FOR ECONOMIC STABILITY. PANAMA, ECUADOR, AND EL SALVADOR HAVE ÒDOLARIZEDÓ THEIR ECONOMIES. THIS MEANS THAT THEY NATIONAL CURRENCIES ARE PHASES OUT AND ARE REPLACED BY U.S. DOLLARS.  SUPPORTERS OF DOLLARIZATON INSIST THAT IT DRIVES DOWN INFLATION AND INTEREST RATES, AND SOFTENS THE BLOW OF INTERNATIONAL FINANCIAL CRISES.  OPPONENTS OF DOLLARIZATION SAY THAT IT INVOLVES A NATIONÕS SURRENDERING ITS FINANCIAL INDEPENDENCE. WHAT DO YOU THINK?  EXPLAIN YOUR RESPONSE.