Interactive Reading Review

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Interactive Reading Review
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Directions

• Listen as Mr. Walker/Mrs. Bode discusses each of
  the topics to follow. Be prepared to list the
  number of bullet points that they request on each
  topic.

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Savings Accounts

• List one bullet point on each of the topics
  below.
• How banks make money.
• How people earn money from a savings account.

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CDs (Cash Deposits)

• List one bullet point on each of the following
  topics.
• How CDs work.
• Advantages and disadvantages of CDs.

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Buying Bonds

• List one bullet point about how bonds work.

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Buying Stocks

• List one bullet point on
• What stocks are.
• What are the risks of buying stocks?
• Why can stocks result in bigger/quicker profits
  than savings accounts?

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Business Cycles

• Write one bullet point on
• 1. What business cycles are.
• 2. What prosperity is.
• 3. What a recession is.
• 4. What a depression is.
• Write two bullet points on
• Why business cycles occur.

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• Credit
• 1. What is regular credit?
• - It is a type of credit card in which the
  entire bill must be paid in full at the end of a
  certain time period, usually thirty days.
• What is revolving credit?
• -It is a type of credit in which part of the
  bill must be paid each month and the rest of the
  money owed is carried over for later payments.

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• 3. What is an annual fee?
• It is a fee that the person using the card must
  pay each year for the right to use it.
• 4. What are the advantages that credit has over
  cash?
• Certain expenses can be easier and safer to payer
  for with credit.
• You can avoid carrying large amounts of cash that
  can get lost or stolen.

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• 5. What are other examples of credit besides
  credit cards?
• - Home mortgage loans
• - Installment loans on cars or motorcycles.
• - Buying something on lay away.

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• 6. Why does the amount of interest that is
  charged on credit cards not matter to people who
  save money and are good at paying their bills?
• Because if you pay your bill off in full every
  month no interest is added on to the amount that
  you owe.

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7. What are the disadvantages of credit cards?

• Identity theft can occur if they are stolen.
• Some people need to see the amount of money they
  spend in cash bills.
• Keeping track of credit purchases takes time.

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Credit

• Write one bullet point on
• What credit is.
• The difference between regular credit and
  revolving credit.
• Advantages of using credit.
• Disadvantages of using credit.
• List two examples of different types of credit.