Wednesday, May 27, 2015

Credit Card Notes:https://drive.google.com/file/d/0B_gpVfHfuRG2al9qQXZCSU9uZW8/edit?usp=sharing
Write the following numbers in words as you would on a check
$14.56
$53.78
$74.00
$135.00
$392.12
$437.48
$872.12
$1,285.00
$6,189.87
$13,616.90

  1. Assuming your net income is $1000 a month; would it be responsible to purchase a new HD TV with monthly payments of $90?  Why or why not?
  2. What are the advantages and disadvantages of credit?
  3. What are two types of credit cards and how are they used?
  4. Why do you think students should or should not have credit?
  5. What costs are involved with credit cards?
  6. Why is it important to shop for credit?
  7. What factors should you consider when shopping for credit?
  8. How can you obtain a credit card?

Tuesday, May 26, 2015

Joe's Credit Application-  If you missed class see me for makeup work.

Monday, May 18, 2015

Friday, May 15, 2015

Bank Failure Video and Quiz today.

Watch the video here: Your Bank Has Failed

See me about taking the quiz


For Thursday we worked on the worksheet below

History of Banking Table

Wednesday, May 13, 2015

Tuesday, May 12, 2015

Ch. 16 Exam and Notebook check today!

Monday, May 11, 2015

Chapter 16 Review
Pp. 436-437  #1-7, 9-17

Test on Tuesday and Notebook Check

1. 16.1 Notes
2. 16.2 Notes
3. Federal Reserve Functions Worksheet
4. Monetary Policy Worksheet
5. Ch. 16 Review

Thursday, May 7, 2015

We discussed Tight vs Easy Money Policy, Inside and Outside Lags

Monetary Policy Worksheet
1.If you deposit $1,000 of borrowed money in a bank checking account, by how much do you increase the money supply?
2. Why does the Federal Reserve establish a required reserve ratio?
3. What three tools could the Federal Reserve use to adjust the money supply?
4. What two effects, leading to an increased money supply, could reducing the RRR have?
5. How do banks respond to a lowered discount rate?
6.  How does a raised discount rate affect bank loans and the money supply?
7.  How does the Fed’s sale of bonds reduce the money supply?
8.  Which of its monetary policy tools does the Federal Reserve use most often?

Wednesday, May 6, 2015

Friday, May 1, 2015

Turned notebooks in and took Tax exam