Jordi Avila 4.06 Critical thinknig
2. Your friend wants to buy a new television that is out of their budget. However, they discover a
local place where they can get the television and then make weekly payments. Do you think this
is a wise financial decisi
Jordi Avila 4.08 Discussion Question
1.How has online or web-based banking changed how people choose and use financial services?
-Online banking has changed the way that people choose and use financial services because they make it
simpler for us to use a
Jordi Avila 1.07 Lab Questions
1. Are lottery winners happier? Why?
-No because they spend all their money and go into debt, their friends find them just to
ask for money, running their social relationships. Also money makes you selfish and only
Jordi Avila 10.08 Discussion Question
1.Choose one ad that youve seen recently. Describe the advertisement. What techniques does the ad
use to sell the product to you?
-I can easily talk about the Paul Pogba new Adidas Boss everyone commercial. The Video
Jordi Avila 8.08 Discussion Questions
What are some of the strategies that can help you use credit wisely?
-Something to do to help use your credit card wisely is to pay off your debts in time before your grace
period ends. This way the bank wont be able
2.07 Lab Questions
1. What is the informal economy?
-An informal economy is the different type of economic activities, jobs, and the workers
that arent controlled nor looked over by the state. Informal economy is a system of trade
used out of the reach of
Jordi Avila 9.08 Discussion Questions
1.Why is money management important? How would you rate your own money management?
-Money management is very important because it decides how youll live for the rest of your life. If
you use your money on needs and no
Jordi Avila 6.08 Discussion Questions
1. What are things you can do to manage the risks in your life to reduce any financial losses?
-Most importantly something you can do right off the bat to reduce financial loss and the own
risks in your life is to tal
Jordi Avila 7.07 Critical Thinking
1. What are some factors that influence how individuals invest their money? What should
individuals keep in mind when investing money?
-One factor that influences where individuals invest their money is the relative risk
Jordi Avila 8.07 Lab Questions
What are credit cards? Why do people use them?
-A plastic card with an assigned account number, which enables the holder to purchase goods or services
and/or receive cash on credit. Credit cards are a type of open end credit
Jordi Avila 7.09 Discussion Questions
1. Imagine that a friend asks you for investment advice. He has $10,000 to invest and he has
about 35 years before he will be ready for his financial goal of early retirement. What types of
investments would you recom
Jordi Avila 10.06 Critical Thinking
1.Every day you are bombarded by numerous ads. Based on this information the information you
learned in the lesson, what advertising technique have you been impacted by? Explain what you
purchased and what influenced yo
Jordi Avila 8.06 Critical Thinking
1.Consumer credit is considered an important part of modern society. List and explain TWO types of
consumer credit. What are some examples of each?
-There is both Open and Closed end credit. Closed end credit is a one-ti
Jordi Avila 6.02 Lab Questions
1. Benartzi argues that the average American is not doing well with what parts of
-He argues that the average American isnt doing well with insurance over their lives. He
brings up the fact on how many peop
1. In the game Countdown to Retirement there were several characters to choose from. What
character did you choose? Why did you select this character? What were the pros and cons of
choosing this character in the game? Would you have selected a different
Jordi Avila 5.07 Lab Questions
1. You cash your first paycheck and decide to place it under the mattress at your
house. Is this a smart financial decision? Why or why not?
-No this isnt a smart financial decision at all. This isnt a smart decision because
Jordi Avila 5.06 Critical thinking
4.It is the beginning of the year and you receive your first W-2 form. After filling out your taxes
you realize that you are going to have to pay the IRS. Why do you have to pay them? What do
you need to do differently i
Jordi Avila 1.08 Discussion Questions
What role do individuals play in a capitalist system?
-The role that individuals play is to first off create products for sale. In the process jobs
are created to make those products. Other individuals job is to inves
Jordi Avila 7.08 Lab Questions
1. What do you feel is the most important thing that you can do when saving money and what
are some other ways you can save money?
-What I feel that the most important thing to do when saving money would have to be the
Jordi Avila 5.06 Critical thinking
4.It is the beginning of the year and you receive your first W-2 form. After filling out your taxes you
realize that you are going to have to pay the IRS. Why do you have to pay them? What do you need to
do differently i
1. How do scarce resources influence you personally? What impact does this
have on your financial management?
-Scarce recourses would affect you personally in the sense that you would be spending
more money for that particular. This would then have an imp
1.06 Critical Thinking
1.The financial choices we make impact our economy. Think of a recent item you
purchased. What factors influenced your decision in making this purchase? Did this
purchase impact your local economy? Explain why or why not
Jordi Avila 5.08 Discussion Questions
1. If you were in charge of developing a tax system for a country, how would you
structure taxes? For example, who should pay the greater percentage of
taxes? What should taxes be used for?
Id use the progressive sy
1. In order to be responsible in financial planning you must set goals. In order to reach these
goals you create a plan. Describe your own financial plan by identifying and describing each of
the steps you would need to take.
-My ultimate financial goal i
Jordi Avila 6.01 Critical Thinking
1. Your best friend says they dont think insurance is important. Explain to them why it is important
to have insurance. How is having insurance important for successful financial management?
Insurance is very important f
Jordi Avila 9.06 Critical Thinking
1.Your friend is always late paying their bills. You understand the importance of keeping good financial
records. Give your friend three reasons they should become better organized.
-One of the three reasons to become be
Jordi Avila 10.07 Lab Questions
1.What does Gerzema argue that consumers are doing?
-He says that consumers arent holding back or in retreat but that consumers are being empowered.
He called it the 50-20 paradox. The problem was that the personal debt-to-
Jordi 4.07 Lab Questions
1.What is the goal of the Feds Monetary Policy?
-The goal of the Fed's Monetary Policy is to have and maitain a healthy economy. In the game as
it was my job as The Fed's Monetary Policy I was able to rise and drop the feds fund r
1. Think about an important current event that you may have heard about recently. Describe
at least two economic effects that the event could have on a person and on the entire
-One important current event that took place not too long ago was the
1. What is a financial goal that you have? What are at least three strategies that you could use
to reach this goal?
-A Financial goal that I have in mind is to create an emergency fund for myself. I feel as if this
could play a key role someday in my lif
Jordi Avila 9.07 Lab questions
3.What are some of the ways that the city can earn revenue? Why is this important?
-Some ways that a city may earn their revenue is through taxes that they receive. The also charge fees
to residents for certain things such a