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EXPLORING 21st CENTURY SKILLS AND ISSUES
10. Securities exchanges are an important aspect of commerce, driving nations’ economies. Financially literate people know that securities are important wealth building tools. There are many securities exchanges around the world. Through them, companies sell shares to raise money for growth. People anywhere in the world can invest in the growth of companies around the world, making the pursuit of wealth and prosperity a truly global activity. Students will learn more about securities and stock exchanges in later lessons. 11. This woman is a consumer. The consumer is considered the “last stop” for a product or service. The behavior of consumers is tracked, monitored, and analyzed by governments and businesses alike as indicators of the health of the economy, and to guide adjustments in prices, policies, and programs. Financial literacy includes knowing about consumerism. 12. This is an example of a local commerce. Agriculture and food production are essential commercial industries. Agricultural is the frequent focus of international trade agreements. 13. This is an example of how government promotes and protects commerce. Reliable and safe roadways, ports, airports, and other infrastructure, are essential for the transportation of goods and delivery of services. Successful commerce requires a delicate balance between business and government interests. Students will learn more about the role of government in commerce in a later lesson. 14. This is an example of a microbusiness. Microbusinesses are small businesses employing just a few people – often family members. They support local businesses and are an important part of a vibrant local commerce. Financial literacy includes knowing differences between types of business entities. Students will learn more about these ia a later lesson. 15. That doesn’t look like a dollar bill! It’s foreign currency. Can it be used to make purchases in the U.S.? Students will learn more about currency, virtual currency, and currency exchange in a later lesson. 16. Telecommunications is so important to commerce that there is an entire section (sector) of the economy devoted to it. M-commerce includes sales transactions conducted by cell phone and tablets. 17. This is an example of a company engaged in intrastate commerce, which is the sale of goods or services within the boundaries of the same state. 18. The Chamber of Commerce is an association of local businesses that network and organize to advocate for and promote their businesses, products and services. On the national level, they advocate (lobby) for pro- business U.S. government policies and laws. Financial literacy includes being familiar with key institutions of global commerce. Students will learn about many of these in the “Let’s Explore” activity included in each lesson. PRODUCT PREVIEW
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THE 21st CENTURY STUDENT’S GUIDE TO FINANCIAL LITERACY
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