Beyond the Sound Bites (if time after Test):
The Chapter 9 Test is today.
Clear your desk except for a pencil. Once everyone is quiet, and no talking during the Test, we can begin. Be sure to put your name on the Test.
You may write on the Test itself.
If you finish early, you may take out non-class materials; once everyone is finished, put away the non-class materials. Then, I will collect the Test.
Be sure your name is on the Test.
If your name is not on the Test it will not be returned.
The Quiz Prep Page is available.
For the Make-up Quiz, consider the material found in Chapter 9 Section 3:
minimum tax, VAT (Value-Added Tax), flat tax, federal tax reform, business taxes, profits, tax burden, personal income rate, depreciation, investment tax credit, and, capital gains.
Cf. http://shanawiki.wikispaces.com/Honors+Business+Economics+Chapter+9+Section+4+Quiz+Prep+Page+Spring+2011
Standard feature:
The electronic edition of the Philadelphia Inquirer is available. We have the Sunday edition, available on Mondays, in addition to the Tuesday through Friday editions on the other days.
Please follow the steps below:
URL: http://nie.philly.com
Click on the words "Access e-Inquirer" located on the gray toolbar underneath the green locker on the opening page.
Login:
Username: bshsinky@shanahan.org
Password: 10888
Chapter 11 Resources
Cf. http://glencoe.mcgraw-hill.com/sites/0078747643/student_view0/unit3/chapter11/chapter_overviews.html
Chapter 11: Financial Markets
Section 2 Financial Assets and Their Markets
current yield
In-class assignment, with a partner, answer the following.
Bond Investing: How to Find a Current Yield on a Bond, 1:49
How do we find a current yield on a bond?
What is the formula?
Where do you find this information?
The current yield on a bond is the yearly interest rate divided by the cost price of that bond. Find the current yield on a bond by calling the holder of the bond or checking the newspaper with help from a licensed financial planner in this free video on bonds and investing.
Expert: William Rae
Contact: www.hbwfl.com
junk bond
In-class assignment, with a partner, answer the following.
Stocks & Bonds: What Are Junk Bonds? 1:25
What is a junk bond?
What comes with high yield?
What may happen with junk bonds?
Junk bonds, or high yield bonds, are bonds that have low credit ratings, and therefore include an inherent risk. Be aware of a bond's credit rating before making an investment with help from a portfolio manager in this free video on personal finance and money management.
Expert: Gregory Bramwell-Smith
Bio: Gregory Bramwell-Smith is the relationship and portfolio manager at Bramwell-Smith Associates.
municipal bond
In-class assignment, with a partner, answer the following.
Bond Market: How Much Does a Municipal Bond Cost? 2:22
What is a municipal bond?
What do municipalities need?
What happens if a state or municipality defaults?
Today, do municipal bonds cost less or more? Why?
Why do you need to careful if investing in municipal bonds?
A municipal bond will have a lesser value if interest rates go up, and bond prices go down when a state, city or county has a deficit. Talk to a stockbroker about the advantages and disadvantages of municipal bonds with help from a personal asset manager in this video on the bond market and money management.
Expert: Roger Groh
Bio: Roger Groh is the founder of Groh Asset Management.
tax-exempt
In-class assignment, with a partner, answer the following.
Financial Planning & Investment Tips: Tax Exempt Money Market Fund, 1:09
What is a tax exempt money market fund?
What does it allow you to do?
When can you use it?
Tax exemption is a important benefit to money market funds. Discover more about tax exemptions with money market funds using tips from a registered financial consultant in this free video on financial planning.
Expert: Patrick Munro
Contact: www.northstarnavigator.com
savings bond
In-class assignment, with a partner, answer the following.
How much is your savings bond worth? 2:54
When should I cash in a bond?
What does mature mean?
How are savings bonds sold?
Do they pay interest regardless of maturity date?
How do you find out if a bond is still accruing interest?
What are your final options?
Cf. http://www.youtube.com/watch?v=86cCQUFuAEA
Just because your savings bonds have reached maturity doesn't mean they aren't paying interest; some still have very attractive yields.
beneficiary
In-class assignment, with a partner, answer the following.
Personal Finances & Money Management: How to Create a Beneficiary for a Certificate of Deposit, 1:16
Why do you want to name a beneficiary?
Who might this be?
Treasury note
In-class assignment, with a partner, answer the following.
Financial Planning: What Are Note Buyers? 1:40
What are note buyers?
What do they buy?
What are the two main reasons to do so?
What does the note buyer receive?
Treasury bond
In-class assignment, with a partner, answer the following.
Bond Market: How to Buy Government Bonds, 1:34
What does Uncle Sam want?
How does the government raise money?
Where do you find Treasury bonds?
Government bonds are issued by the U.S. government to balance the money that they've spent. Find out how to buy government bonds on the U.S. Treasury Web site with help from a personal asset manager in this free video on the bond market and money management.
Expert: Roger Groh
Bio: Roger Groh is the founder of Groh Asset Management.
Treasury bill
In-class assignment, with a partner, answer the following.
Finance & Investment Tips: What Is a Treasury Bill? 1:20
What is a Treasury Bill?
Where do you get these certificates?
Has its security come into question more recently?
A treasury bill is a way of financially investing in the U.S. government by lending them money, while the bill earns interest as it matures. Invest in treasury bills as a secure way to earn interest with ideas from a registered financial consultant in this free video on finance and investment.
Expert: Patrick Munro
Contact: www.northstarnavigator.com
Individual Retirement Account (IRA)
In-class assignment, with a partner, answer the following.
How to Time Your Roth IRA Conversion, 4:16
What is a new option in 2010?
How much should be converted?
What flaws are there in an immediate conversion?
What advantages are there in waiting?
Chris Leach, finance professor at the Leeds School of Business, is researching how investors can get the best value from a Roth conversion, which changes the tax status of a retirement account. Although conventional tax advice says you should convert right away, Leach and his co-author explore the circumstances where it might pay to wait.
capital market
money market
In-class assignment, with a partner, answer the following.
Personal Financial Planning Tips: How to Invest in a Money Market Account, 2:07
What three ways are there to invest? First, describe the simplest way.
What are the two other ways to invest?
What is the third way?
Ways to invest in a money-market account include through a bank, a mutual-fund company or through a discount brokerage. Earn interest on saved money with a money-market account with advice from a financial planner in free personal-finance video.
Expert: Julie Asti, CFP
primary market
secondary market
11.2 Reading Strategy
In-class assignment, with a partner, fill in the graphic.
Use the graphic organizer to identify and describe at least four financial assets.
Issues in the News Want More Interest? Meet Bond, Junk Bond
In-class assignment, with a partner, fill in the graphic.
11.2 Review
Use the graphic organizer to identify the characteristics of financial assets.
11.3 Reading Strategy
In-class assignment, with a partner, fill in the graphic.
Use the graphic organizer to describe the different stock markets.
Figure 11.7 How Much Money Will You Have at Retirement?
Cf. http://glencoe.com/sites/common_assets/socialstudies/in_motion_08/epp/EPP_p308.swf
11.3 Review
In-class assignment, with a partner, fill in the graphic.
Use the graphic organizer to evaluate the risks and rewards of investments.
Figure 11.1 Overview of the Financial System
Cf. http://glencoe.com/sites/common_assets/socialstudies/in_motion_08/epp/EPP_p291.swf
Figure 11.2 The Power of Compound Interest
Cf. http://glencoe.com/sites/common_assets/socialstudies/in_motion_08/epp/EPP_p293.swf
Figure 11.7 How Much Money Will You Have at Retirement?
Chapter 10: Government Spending
Chapter 10 Resources
Chapter 10: Government Spending Multiple Choice Quiz
Chapter 10: Government Spending ePuzzles and Games Column
Chapter 10: Government Spending Vocabulary eFlashcards
Chapter 10: Government Spending In Motion The Federal Budget for Fiscal Year 2007
Chapter 10: Government Spending In Motion State and Local Expenditures
Chapters 8-11
Cf. http://glencoe.mcgraw-hill.com/sites/0078747643/student_view0/unit3/
Chapter 10 Resources
Self-Check Quiz, Crossword, Vocabulary
Cf. http://glencoe.mcgraw-hill.com/sites/0078747643/student_view0/unit3/chapter10/
Wisconsin Labor Protests - Noodles, 1:36
Spending, 6:25
Seinfeld Risk Management, 4:17
Cf. http://www.youtube.com/watch?v=laKprX-HP94
Finance Company Collector - A song protesting the current recession, 4:30
Josh Riddle and David Rufful are seniors at Dartmouth College.
Pension Tension Blues, 5:42
Lyrics: co-written by Susan Mangiero and Steven Zelin, Singing CPA.
Chapter 9 Resources
Chapter 9: Sources of Government Revenue
Multiple Choice Quiz
Cf. http://glencoe.mcgraw-hill.com/sites/0078747643/student_view0/unit3/chapter9/self-check_quizzes.html
Ch. 9 Crossword Puzzle
Chapter 9 Flashcards
Email (or hand in hard copy) to gmsmith@shanahan.org.
Friday HW
1. p. 286, #26
