FQ Level 3 Financial Concepts (S-301)

FQ


Description

This is 3rd level of FQ training material for developing students' financial literacy and life economics.
Instructors present currency, inflation and credit cards to help children understand the effects of compounding, and learn to choose the bank to open an account, learn how to get more active and passive income, and introduce stocks and bonds and concepts of risk and insurance. Instructor can serve as a mentor and inspire children to think deeper.

Content
  • Section 1: Money and Transactions
  • The history of gold and silver coins
  • The history of paper money
  • Wholesale and retail
  • Exercises
  • Section 2: Inflations
  • Inflation and purchasing power
  • Inflation measurement
  • Inflation-adjusted price
  • Trend of Prices
  • Section 3: Spending
  • A spending plan
  • Using a check
  • Using credit cards or debit cards
  • Functions of debit cards and credit cards
  • Different payment methods
  • Exercises
  • Section 4: Interests
  • Determining simple interest
  • Compound interest
  • Difference between interest and an APY
  • Credit-card interest calculation
  • Exercises
  • Section 5: Banks and Financial Institutions
  • Types of financial institutions
  • The need to save
  • Opening a bank account
  • A suitable bank
  • Section 6: Income and Education
  • Education and lifetime earnings
  • Worthiness of the college expenses
  • Ways to lower the cost of higher education
  • Earned income and unearned income
  • Paycheck deductions
  • Section 7: Investing
  • Factors of investment returns
  • Coca-Cola, now and then
  • Stocks and bonds
  • An example of stock shares
  • The stock ticker
  • An example of bonds
  • Acting as an investor
  • Online stocks research
  • Tax impact on investment
  • Inflation impact on investment
  • Section 8: Protect Yourself
  • Protector of your money
  • The need to insurance
  • Insufficient or no insurance
  • Coverage of a typical insurance
  • The Affordable Care Act
  • Section 9: Planning
  • Emergency fund
  • The dangers of excessive debt
  • Social Security
  • Medicare
  • Progressive taxes
  • Regressive taxes
  • The value of time
  • Exercises
  • Section 10: Key Aptitudes
  • Price Checking
  • Purchasing
  • Saving and borrowing
  • Earning income
  • Investing
  • Protection and insurance
Completion rules
  • All units must be completed