Includes credit cards, credit agencies, establishing credit, bank & credit union accounts, payday loans, online banking, ATM, credit limit, bankruptcy, mortgage, compound interest, foreclosure, ID theft, budget, checking account, credit union, net worth, etc.
Includes terms like productivity, scarcity, consumer behavior, impulse buying, opportunity cost, socialism, land, human capital, supply and demand, Adam Smith, macroeconomics, natural resources, China’s mixed economy, trade, etc.
Includes forms of business ownership, company-
Includes terms like beta, micro-
Includes auto, health, home, life, natural disasters, growing costs, “Obama-
Includes sales tax, income tax, death tax, corporate tax, property tax, licenses, capital gains, Social Security, payroll tax, inheritance tax, progressive tax, redistribution tax, poll tax, excise tax, tariff, ad valorem tax, tax fraud, tax haven, tax refund, etc.
Includes topics like student loan debt, underwater mortgages, poverty, recession, trade imbalance, identity theft, payday loans, financial crisis, sub-
Includes technology and the environment, alternative fuels, evolution of communication, cell phone technology, Apple, tablet computers, industry pioneers, Henry Ford, improvements in productivity, military applications, online banking, etc.
Includes the relationship between education and income, poverty in America, cost of education, drop-
WI MODEL STANDARDS FOR PERSONAL FINANCE
Educators from all grade levels can use the financial literacy standards to align instruction and create curriculum and activities designed to instill within students a desire to be financially literate.
With 300 plus questions typically asked at each Challenge Bowl there’s a lot you and your team need to know to compete. The importance of having good credit, the intrusive juggernaut we call identity theft, investing terminology, types of insurance, what taxes pay for, and so many more content areas that will assess student knowledge, and preparedness for the future. The following categories will introduce you to some of the terms you’ll want to be familiar with. The site glossary covers much more, in-