Features Spotlighted
Practical information helps you prepare
for your future. Special features add
realism and interest to enhance learning.
¶ Ethics offers insight into ethical
issues with which you will be
confronted as you prepare for your
future.
¶ Go Green presents helpful
information about how to use
natural resources wisely.
¶ Event Prep gives tips to help you
prepare for competitive activities
in Career and Technical Student
Organization (CTSO) competitions.
Did you know that the economy
plays an important role in becoming
a productive citizen? To highlight the
importance of the economy in your
life, economic concepts are integrated
throughout the text. Also, to address
specific economic topics, Economics in
Action and History of Finance features
highlight insightful information that
will be important to you.
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Many companies and
organizations are well-
respected members of
the community. When
selecting establishments
with which to do business,
investigate the company
and its business practices.
Many socially responsible
businesses post a code of
ethics on their websites.
This helps consumers
select companies that
are respectful and honest
in their transactions with
customers.
Ethics
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Did you know that the batteries in cell phones and iPods are composed of
hazardous materials that will harm the environment if they are disposed of
in a landfill? Batteries should always be properly recycled by a reputable
organization and never thrown in the regular To be environmentally
savvy and save money, consider using rechargeable batteries.
Rechargeable batteries, like in cell phones, can be used many times
and will save you trips to the store to purchase disposable batteries.
get sound but no pic problem. You threaten nonpayment. The seller
Center’s problem because you owe the finance
company.say
Economics in Action
Excessive Credit and the Economy
Excessive use of credit can throw the economy off balance and foster inflation.
When consumers use credit to buy goods and services, it increases the demand for
whatever they are buying. If the demand increases faster than the supply, prices will
increase. When governments and businesses join consumers in the excessive use
of credit, demand surpasses supply and inflation results. The economy is weakened,
and fewer job opportunities exist.
You complain to the finance company, but they tell you the television is
the seller’s responsibility. Legally, you owe the finance company regardless
of the seller’s performance.
The Preservation of Consumers’ Claims and Defenses Ruling protects
i this type of situation. Under the ruling, you have a right to a legal
a creditor because you have a dispute
to work ais countries a major cause of migration, a person can earn on average nine times more working in the United S
than working in Mexico.
History of Finance
The Silk
Roadfamous One of the most trade routes was called the Silk Road, created
around 100 BC. It was a network of roads that connected Europe, North
Africa, and Asia. Caravans of traders exchanged gold, glass, perfumes, and
other Western goods for the East’s silk, ceramics, spices, and iron. People,
plants, animals, ideas, knowledge, and culture also flowed back and forth.
Personal Finance
Personal finance is a competitive event
you might enter with your Career and
Technical Student Organization (CTSO).
The personal finance competitive event may
include an objective test that includes banking topics. If you decide to
participate in this event, you will need to review basic banking concepts
to prepare for the test.
To prepare for a personal finance event, complete the following
activities.
1. Read the guidelines provided by your organization. Make certain
that you ask any questions about points you do not understand.
It is important to follow each specifi
c item that is outlined in the
competition rules.
2. Review the vocabulary terms at the beginning of each chapter.
3. Review the Checkpoint activities at the end of each section of the
text.
4. Review the end-of-chapter activities for additional practice.
5. Ask your instructor to give you practice tests for each chapter of this
text. It is important that you are familiar with answering multiple
choice and true/false questions. Have someone time you as you take
a practice test.
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2. Write a paragraph labeling the items. Refer to this plan each time you
items to the portfolio.