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14. Acceptable answers are: higher interest rates on savings accounts, lower fees, 24/7 customer service, mobile apps to check balances; no lines 15. C 16. Students should indicate that accounts are covered by FDIC deposit insurance and that the government will refund him up to $250,000 in the event of a bank failure, so Marcus will recover half his money. 17. F 18. D 19. Students should indicate that FDIC deposit insurance was introduced by the Banking Act of 1933, which was a result of bank failures during the Great Depression. Banks had made risky investments with deposits and many lost their life savings. Deposit insurance guarantees the safety of deposits.
four year colleges have a Hospitality major. The hospitality industry is a major employer in Hawaii. She should be able to get a job there. Major clusters for Twin Falls are agriculture, electric power and food processing, so if he is qualified for a job in one of those industries, he will have a better chance of being employed. Washington, California, Connecticut
agent, concert promoter, music teacher, music journalist, radio program director... 10. Student’s discretion. 11. job satisfaction 12. No, it’s best to stick with the basic resume and not include a song, video, or personal pictures (ever). 13. Student’s discretion. 14. D 15. professional degree 16. professional degree 17. The more education a person gets, the more money they make, and the better their job security.
2. 3.
4. 5. The average annual salary is $111,798 States: Illinois, California and NY; Wages: About $60,000 to over $100,000 (TX) It takes 4 years of college and four more years of veterinary school. Colorado State, U.C. Davis, Iowa State On average a registered nurse makes $69,790; an elementary school teacher makes $57,080. There are a number of music colleges/ academies in the US. Rice University Shepard School, Berklee School of Music (Boston), Curtis Institute of Music – Philadelphia are just three of them. There are many types of careers within the music industry. Some career paths are: producer, DJ, recording engineer, booking PRODUCT PREVIEW 6. 7. 8. 9. The Battle of the Banks Savings Account Checking Account Certificate of Deposits Money Market Account Student’ discretion. Student’ discretion. 1. 2. D
Copy Cat Career
20. C
My Future Self’s Resume
Advice for the Career-Confused
1.
There are many hotel management programs around the country. They can be found by searching "Hospitality management programs." Many community colleges and
Are You Financially Literate? Chapter 3 Quiz
Acceptable answers include: jobs have limited opportunities for advancement, limited benefits, limited social mobility, limited wages. Careers are a lifelong journey, careers align with your interests, careers have higher earnings, careers have greater job security, careers have more opportunities for advancement, careers have greater job satisfaction Acceptable answers include: skills, education, experience, achievements, accomplishments Student’s discretion. Some are culinary arts, aircraft maintenance, computer programming and coding, manufacturing, farming, food processing, auto repair, fashion design, construction, cosmetology, web design, plumbing, medical and dental assistance, digital marketing, restaurant management, etc.
offered at consumer/retail banks earns interest may charge service fees ATM access insured by FDIC offers account alerts
3.
4.
comes with debit card for making purchases may have a minimum balance requirement time deposit
offered by online-only bank earns a higher rate of interest limited or no checking privileges available at investment banks Caution, overdraft fees apply!
5.
B
6
Professional development
7. 8.
B
requires picture ID social security or TIN # substantial penalties for early withdrawal
Acceptable answers include: where they
371 THE 21st CENTURY STUDENT’S GUIDE TO FINANCIAL LITERACY
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