Unit 5 Money Management
Introduction to Marketing Unit 5: Money Management Portfolio (15 Points)
In Unit 5, you learned about money management. Now, you'll apply what you learned.
1. List at least three of your financial goals. Explain whether they are short-term, intermediate, or long-term. (1-3 sentences. 3 points)
Answer: 1. Buying a house (long-term) 2. opening a bank account (short-term) 3. having good credit (intermediate)
2. List at least three things you would consider when choosing a bank and account type. (1-3 sentences. 3 points)
Answer: 1. A few considerations are: bank fees, location, annuities and more. 2. A few considerations on account types would be if you need a business, personal or student account.
3. Describe at least four ways you can take money out of a checking account. (1-4 sentences. 2 points)
Answer: 1. Withdrawing using an atm card at the mac machine. 2. Writing out a check asking for cash. 3. Using a debit card at a store or gas station. 4. Going into the bank speaking with a teller.
4. Calculate the ROI dollar amount and percentage for these example investments.
a. You invest $50 in a government bond that says you can redeem it a year later for $54. Use the instructions in Lesson 3 to calculate the ROI dollar amount and percentage. (2 points)
TIP: Subtract the initial investment from the total return to get the ROI dollar amount. Then divide the ROI dollar amount by the initial investment, and multiply that number by 100 to get the percentage.
ROI dollar amount: $4.00
ROI percentage: .08%
b. You invest $100 in stocks and sell them one year later for $115. Use the instructions in Lesson 3 to calculate the ROI dollar amount and percentage. (2 points)
TIP: Subtract the initial investment from the total return to get the ROI dollar amount. Then divide the ROI dollar amount by the initial investment, and multiply that number by 100 to
In Unit 5, you learned about money management. Now, you'll apply what you learned.
1. List at least three of your financial goals. Explain whether they are short-term, intermediate, or long-term. (1-3 sentences. 3 points)
Answer: 1. Buying a house (long-term) 2. opening a bank account (short-term) 3. having good credit (intermediate)
2. List at least three things you would consider when choosing a bank and account type. (1-3 sentences. 3 points)
Answer: 1. A few considerations are: bank fees, location, annuities and more. 2. A few considerations on account types would be if you need a business, personal or student account.
3. Describe at least four ways you can take money out of a checking account. (1-4 sentences. 2 points)
Answer: 1. Withdrawing using an atm card at the mac machine. 2. Writing out a check asking for cash. 3. Using a debit card at a store or gas station. 4. Going into the bank speaking with a teller.
4. Calculate the ROI dollar amount and percentage for these example investments.
a. You invest $50 in a government bond that says you can redeem it a year later for $54. Use the instructions in Lesson 3 to calculate the ROI dollar amount and percentage. (2 points)
TIP: Subtract the initial investment from the total return to get the ROI dollar amount. Then divide the ROI dollar amount by the initial investment, and multiply that number by 100 to get the percentage.
ROI dollar amount: $4.00
ROI percentage: .08%
b. You invest $100 in stocks and sell them one year later for $115. Use the instructions in Lesson 3 to calculate the ROI dollar amount and percentage. (2 points)
TIP: Subtract the initial investment from the total return to get the ROI dollar amount. Then divide the ROI dollar amount by the initial investment, and multiply that number by 100 to