Financial Literacy Chapter 1 Quiz Review

a gift of money or other aid awarded to a student to help pay for education

the expense paid by students for the instruction at a school

a loan on which interest is not charged until the student graduates

a set of moral values that people consider acceptable; the study of what is right versus wrong

money given by government or school to pay for educational expenses that does not have to be repaid

any money you receive from an outside source to help pay for education

contact with a prospective employer after the interview but before a person is hired for the opening

the unique skills and abilities that you bring to the job market

nontechnical skills needed by most workers for success on the job

people who have known you and can provide information about your skills, character, and achievements

a summary of your work experience, education, skills, and interests that qualify you for a job opening

the job openings that are available when you are ready to go to work

a face-to-face meeting with a potential employer to discuss a job opening

spending time observing a worker in a type of job that interests you

a principle that reflects the worth you place on an idea or action

TRUE or FALSE? supply and demand have an inverse relationship to one another (when demand is high, supply is typically low and vice versa)

TRUE or FALSE? Price usually follows supply (i.e. when supply is high then price is high and vice versa)

TRUE or FALSE? In a recession, people should save even more of their money

references soft skills hard skills financial aid grant federally gifted money for education you do not have to repay examples: CPR, plumbing repair, performing surgery, accounting People who vouch for you – put on your resume examples: communication, leadership, computers, organization, ANY outside source of funding for your education Match the terms with the descriptions:

To best stimulate the economy, should you save your money in a recession or recovery period? If everyone stops spending their money in a recession period, the recession gets deeper and a ripple effect happens such as jobs are lost. It is best to spend some of your extra money in a recession and wait until recovery to save a lot

An advantage to using social networking for job searching is :

What is a disadvantage of using Social Networking ? If you post negative comments, this could damage your job prospects as well as your relationships DO NOT:  complain  criticize  swear  brag