And now,

1
And now,

• a POP QUIZ!
• http//www.luxmac.com/?pMoneyTriviaQuizAnswers

2
How many millionaires were there in 2007 in the
U.S.?

• A. 850,000
• B. 1.9 million
• C. 5.1 million
• D. 6.7 million
• E. 9.3 million

3

• According to CNN Money and Reuters, the answer is
  D (6.7)
• Both estimates DO NOT include the value of a
  primary residence
• http//www.reuters.com/article/domesticNews/idVSTR
  E52A71B20090311
• http//www.luxist.com/2009/03/11/number-of-u-s-mil
  lionaires-falls-steeply/

4
http//money.cnn.com/galleries/2007/pf/0704/galler
y.Millionaire_Counties/index.html
5
How many billionaires (in U.S. dollars) were
there in the world in as of 2/13/2009?

• A. 27
• B. 793
• C. 1125
• D. 1782
• E.  2899

6

• The correct answer is B
• There are 793 billionaires in the world,
  according to Forbes. After losing the top spot
  to Warren Buffet last year, Bill Gates regain the
  number one spot in 2009.
• http//www.forbes.com/2009/03/11/worlds-richest-pe
  ople-billionaires-2009-billionaires_land.html
• Richest people
• Bill Gates 40 billion (down 18 billion)
• Warren Buffett 37 billion (down 25 billion)
• Carlos Slim Helu 35 billion (down 25 billion)

7
What is the highest denomination U.S. banknote
ever issued?

• A. 100
• B. 500
• C. 1,000
• D. 100,000
• E. 1 million

8

• The correct answer is D
• Although the highest denomination in circulation
  today is 100, it has only been about 30 years
  since much higher denominations were available.
  High denomination notes of 500, 1,000, 5,000
  and 10,000 were last printed in 1945, but
  continued to be issued for circulation until
  1969. However, the highest denomination notes
  ever printed by the Bureau of Engraving and
  Printing were the 100,000 Gold Certificates
  issued in 1934. These notes were used for
  transactions between Federal Reserve banks and
  were not circulated among the general public.

9
What is the lowest denomination U.S. paper money
ever issued?

• A. 3 cents
• B. 5 cents
• C. 25 cents
• D. 50 cents
• E. 1

10

• The correct answer is A
• During the Civil War period, people hoarded coins
  because of their intrinsic value. This created a
  drastic shortage of coins for circulation. To
  deal with this problem, the Bureau of Engraving
  and Printing produced "fractional currency"
  starting in 1862. The lowest denomination in this
  series was three cents. Fractional notes were
  discontinued in 1876.

11
(No Transcript)
12
How many women have ever appeared on U.S. money?

• A. none
• B. one
• C. three
• D. four
• E. twelve

13

• The correct answer is D
• Martha Washington appeared on the face of the 1
  silver certificate issues of 1886 and 1891, and
  on the back of the 1 silver certificate of 1896.
• Sacagawea appeared on the 1 coin
• Susan B. Anthony replaced Sacagawea on the 1
  coin
• Pocahontas is depicted on the 1869-1878 10 note.

14
How many new U.S. banknotes are printed every day?

• A. 2.1 million
• B. 6.4 million
• C.13 million
• D. 26 million
• E. 81 million

15

• The correct answer is D
• During fiscal year 2009, the Bureau of Engraving
  and Printing (BEP) printed 26 million currency
  notes each day with a face value of about
  907million.
• About 95 of the currency notes printed each year
  are used to replace notes that are already in
  circulation.
• http//www.treas.gov/education/faq/currency/produc
  tion.shtml

16
Who makes the final decision on who will appear
on U.S. bills?

•     
• A. The President of the United States
• B. The Secretary of State
• C. Congress
• D. The Secretary of the Treasury
• E. The First Lady

17

• The correct answer is D
• The Secretary of the Treasury is responsible for
  making the final decision on who will appear on
  U.S. bills. Since U.S. law prohibits portraits of
  living persons from appearing on Government
  Securities, the Secretary has to ensure that the
  portrait is of a deceased person whose place in
  American history is well known.

http//www.treas.gov/education/faq/currency/portra
its.shtmlq1
18
(No Transcript)
19
If you had 1 million in 1 bills, how much would
it weigh?

• A. 225 lbs
• B. 1,435 lbs
• C. 2,203 lbs
• D. 11,210 lbs
• E. 22,650 lbs

20

• The correct answer is C
• 454 1 bills weigh one pound. A million one
  dollar bills would weigh 2,203 pounds.

http//www.moneyfactory.gov/document.cfm/18/106
21
If you had 10 billion in one dollar bills and
spent one every second of every day, how long
would it take you to go broke?

• A. 112 years
• B. 229 years
• C. 317 years
• D. 378 years
• E. 401 years

22

• The correct answer is C.

http//www.moneyfactory.gov/document.cfm/18/106
23

• Whew!
• The quiz is over. How did you do?

24
Class Project 1 Retirement Plan Option

• Follow the retirement plan process detailed in
  the reading packet
• 4-7 page write-up explaining your findings and
  answering some questions

25
Class Project 1 Power Pay Option

• Follow the Power Pay process of debt elimination
  as outlined in the reading packet
• The person on whom you are completing the
  assignment must have at least 2 debts
• The process must be completed on all debts
• 4-7 page write-up explaining your findings and
  answering some questions

26
Class Project 2 Spending Plan Option

• Create a personalized spending plan (i.e. budget)
• Track your income and expenses for a 2 month
  period
• Account for every penny that comes in and every
  penny that goes out
• If you are in a relationship with shared income
  and expenses, you must track this together
• Formulate goals and a plan
• Its more than just knowing what is happening
  with your money, its creating a plan for what to
  do with your money
• 4-7 page write-up explaining your findings and
  answering some questions

27
Class Project 2 Stock Market Option

• Invest a fictitious 10,000 in the stock market
• Track your progress over an 8 week period, with
  weekly updates
• Buy and sell as you wish
• Calculate the percentage increase/decrease weekly
  and overall
• 4-7 page write-up explaining your findings and
  answering some questions
• Some websites to get started
• Moneycentral.msn.com
• Yahoofinance.com
• nyse.com