My Money
Rachel’s Money
1
Rachel is a seventeen year old high school junior. Listed below are
several purchases she made during the past week. Use the payment
methods at the bottom of the page to list how she might have paid
considering those methods commonly used in the situation.
1. Lunch at McDonald’s:
_________________________________________________________________
_________________________________________________________________
2. A sweatshirt at Hollister’s:
_______________________________________________________________________
_______________________________________________________________________
3. A movie ticket, popcorn, and a coke:
_______________________________________________________________________________________
_______________________________________________________________________________________
4. A soft drink from a vending machine:
_______________________________________________________________________________________
_______________________________________________________________________________________
5. 10 gallons of gas for her car:
_______________________________________________________________________________________
_______________________________________________________________________________________
6. A new CD:
_______________________________________________________________________________________
_______________________________________________________________________________________
7. A new iPod:
_______________________________________________________________________________________
_______________________________________________________________________________________
(1) Cash
(2) Cashier’s Check
(3) Debit Card
(4) Department Store Charge Card
(5) Gift Card (Smart Card)
(6) Money Order
Name: ____________________________________
(7) Oil Company Credit Card
(8) Personal Check
Class: _______________________ Period: ____
My Money
Harry’s Money
2
Harry is a twenty year old sophomore at Sauk Valley Community College.
Listed below are several purchases and payments he made during the
month. Use the payment methods at the bottom of the page to list how
he might have paid considering those methods commonly used in the
situation.
1. His $1280 tuition and fees for the semester:
_________________________________________________________________
_________________________________________________________________
2. A pizza delivered to his apartment:
_______________________________________________________________________
_______________________________________________________________________
3. The $285 monthly payment on his used car:
_______________________________________________________________________________________
_______________________________________________________________________________________
4. $26.32 in groceries:
_______________________________________________________________________________________
_______________________________________________________________________________________
5. His monthly rent:
_______________________________________________________________________________________
_______________________________________________________________________________________
6. An $80 textbook he ordered on the internet:
_______________________________________________________________________________________
_______________________________________________________________________________________
7. A pair of jeans and new shirts from Hollister’s:
_______________________________________________________________________________________
_______________________________________________________________________________________
(1) Cash
(2) Cashier’s Check
(3) Debit Card
(4) Department Store Charge Card
(5) Money Order
(6) Oil Company Credit Card
Name: ____________________________________
(7) Personal Check
(8) Student Visa Credit Card
Class: _______________________ Period: ____
My Money
Sergio’s Money
3
Sergio has been working as a full-time journeyman electrician since
completing his apprenticeship a year age. Listed below are several
purchases and payments he made during the month. Use the payment
methods at the bottom of the page to list how he might have paid
considering those methods commonly used in the situation.
1. $1,400 for the first month’s rent and security deposit on a new
apartment:
_________________________________________________________________
_________________________________________________________________
2. His $79.24 electric bill:
_________________________________________________________________
_________________________________________________________________
3. $12,478.45 to pay the dealer for a used car he bought with a loan from his bank:
_______________________________________________________________________________________
_______________________________________________________________________________________
4. Two movie tickets, popcorn, and soft drinks:
_______________________________________________________________________________________
_______________________________________________________________________________________
5. Several CDs he ordered on the internet:
_______________________________________________________________________________________
_______________________________________________________________________________________
6. Dinner at Maggiano’s, an Italian restaurant:
_______________________________________________________________________________________
_______________________________________________________________________________________
7. $300 he is sending to his widowed mother:
_______________________________________________________________________________________
_______________________________________________________________________________________
(1) Cash
(2) Cashier’s Check
(3) Debit Card
(4) Department Store Charge Card
(5) Money Order
(6) Oil Company Credit Card
Name: ____________________________________
(7) Personal Check
(8) Visa Credit Card
Class: _______________________ Period: ____
My Money
How I Paid For My Summer Vacation
4
Write a short, fictional account of how you paid for your summer vacation including as many
methods of payment as possible.
How I Paid For My Summer Vacation
__________________________________________________________
__________________________________________________________
__________________________________________________________
__________________________________________________________
__________________________________________________________
__________________________________________________________
__________________________________________________________
__________________________________________________________
__________________________________________________________
__________________________________________________________
__________________________________________________________
__________________________________________________________
__________________________________________________________
__________________________________________________________
__________________________________________________________
__________________________________________________________
__________________________________________________________
__________________________________________________________
__________________________________________________________
__________________________________________________________
__________________________________________________________
__________________________________________________________
__________________________________________________________
__________________________________________________________
__________________________________________________________
__________________________________________________________
__________________________________________________________
Name: ____________________________________
Class: _______________________ Period: ____
My Money
Know Your Dough
5
Since 1995, our currency and coins has gone through radical changes.
Our currency has evolved from the small portrait notes which we had used
for decades to multicolored, large portrait notes with a variety of security
measures to help prevent counterfeiting.
Americans have also rejected the two dollar bill and the dollar coin, but
embraced the statehood quarters and Lewis and Clark nickels.
To see if you really know today’s “dough”, try to solve each of the following.
1. Aaron stopped at the ATM and got five large portrait Andrew Jacksons. How
much cash did he get? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $_____________
2. Charlotte stopped at her bank’s drive up window to cash a check. The teller
gave her these large portrait notes: 5 Andrew Jacksons, 2 Ulysses S. Grants,
6 Abraham Lincolns, and 2 Alexander Hamiltons. How much cash did she get? $_____________
3. Everett took all the currency out of his billfold and laid it out to look at the
reverse sides. He had 3 bills with a picture of the White House, 1 bill with the
Treasury building, 4 bills with the Lincoln Memorial, and 7 bills with a
pyramid. How much cash did he have? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $_____________
4. Tammy was cleaning out her purse and found twenty-five coins. 6 had
portraits of George Washington, 7 had portraits of Abraham Lincoln, 4 had
portraits of Franklin Roosevelt, 1 had a portrait of Sacagawea, and 7 had
portraits of Thomas Jefferson. What was the total value of her coins? . . . . . . $_____________
5. Gary was cleaning out his closet and found a box with the following coins and
currency inside: 10 Thomas Jefferson notes, 12 Susan B. Anthony coins, 22
coins picturing a buffalo, 5 Dwight D. Eisenhower coins, and 14 John F.
Kennedy coins. What was the total value of the coins? . . . . . . . . . . . . . . . . . . . $_____________
6. Mary stopped at the Sound Shop to buy two CDs. She gave the cashier 2 large
portrait Andrew Jacksons and got back in change a large portrait Abraham
Lincoln, 3 small portrait George Washingtons, 2 Franklin Roosevelt coins, and
3 Lincoln Memorial coins. What was the cash price of the CDs? . . . . . . . . . . . $_____________
7. Roberto bought a sweater and a pair of pants at Hollister’s. He gave the clerk
a large portrait Ulysses S. Grant and 2 large portrait Alexander Hamiltons.
He got back in change a large portrait Abraham Lincoln and the following
coins: 3 Sacagaweas, a keelboat, a first flight at Kitty Hawk, and 4 Lincolns.
What was the cash price of the sweater and pants? . . . . . . . . . . . . . . . . . . . . . $_____________
8. When Phil emptied the coins out of his pocket, he had the following statehood quarters with
these pictures on the reverse. Name each state.
Bison
____________
Guitar
____________
Light House ____________
Magnolia
____________
A Lone Star
____________
Peach
Race Car
____________
Horse Farm
Name: ____________________________________
____________
Palmetto
____________
____________
Class: _______________________ Period: ____
My Money
Money Math
6
Solve each of the following problems.
1.
If you had the same number of each
denomination of currency from $1 to
$100 as the value of the bills (one $1
bill, two $2 bills, etc.), how much
money
would
you
have?
__________
2.
If you had to pay someone $279 in
denominations of $20 or less, what
is the least number of bills you
could use? __________
3.
If you have $100 and you give away
one of each denomination of coin and
currency from $50 down, how much
money would you have left? __________
4.
You went to your bank and got 5 rolls of pennies, 4 rolls of nickels, 3 rolls of dimes, 2 rolls of
quarters, and 1 roll of half dollars. How much did you pay the bank? __________
5.
You had dinner in a restaurant and the bill was $17.25. You gave the waitress $20 and told
her to keep the change. What percentage of the bill was her tip? __________
6.
You have $4.55 made up of an equal number of pennies, nickels, dimes, quarters, and half
dollars. How many of each coin do you have? __________
7.
You have eight coins in your pocket that equal $1.02. What are the eight coins?
__________________________
__________________________
__________________________
__________________________
__________________________
Name: ____________________________________
Class: _______________________ Period: ____
My Money
Write It Right
7
As an employee of the Lincolnway Bank, you've been given the job of writing a step by step
explanation of how to properly fill out a check. It will be included in an educational package
that the bank plans to distribute to junior and senior high schools.
STEP(S): __________
HOW TO FILL OUT A CHECK:
STEP 1:
STEP 2:
STEP 3:
STEP 4:
STEP 5:
STEP 6:
STEP 7:
________________________
________________________
________________________
________________________
________________________
________________________
________________________
________________________
________________________
________________________
________________________
________________________
________________________
________________________
________________________
________________________
________________________
________________________
________________________
________________________
________________________
Name: ____________________________________
NAME
ADDRESS
TELEPHONE NUMBER
716
70-2394
711
PAY TO THE
ORDER OF ____________________________________________ $ __________
__________________________________DOLLARS
LINCOLNWAY BANK
MEM0_________________________
STEP(S): __________
NAME
ADDRESS
TELEPHONE NUMBER
____________________________
716
70-2394
711
PAY TO THE
ORDER OF ____________________________________________ $ __________
__________________________________DOLLARS
LINCOLNWAY BANK
MEM0_________________________
STEP(S): __________
NAME
ADDRESS
TELEPHONE NUMBER
____________________________
716
70-2394
711
PAY TO THE
ORDER OF ____________________________________________ $ __________
__________________________________DOLLARS
LINCOLNWAY BANK
MEM0_________________________
STEP(S): __________
NAME
ADDRESS
TELEPHONE NUMBER
____________________________
716
70-2394
711
PAY TO THE
ORDER OF ____________________________________________ $ __________
__________________________________DOLLARS
LINCOLNWAY BANK
MEM0_________________________
____________________________
Class: _______________________ Period: ____
My Money
January Account Transactions
8
Enter each of the following transactions for January in your account register beginning on the
following page and compute the balance.
Date
Transaction
1/04
You wrote check 1343 in the amount of $35.22 to Western Bell to pay your telephone bill.
1/02
1/07
1/07
1/09
1/10
1/13
1/14
1/14
1/14
1/14
1/15
1/16
1/18
1/20
You used your debit card to pay $105.84 for shoes and sweat clothes at The Athlete's Foot.
You used your debit card to pay $56.29 for groceries at Eagle Foods.
You wrote check 1344 in the amount of $48.00 to Pacific Power to pay your electric bill.
You wrote check 1345 in the amount of $9.50 to Municipal Water to pay your water bill.
You used your debit card to pay $12.52 for pizza at the Pizza Hut.
You deposited $735.24 of your paycheck in your account at the First National Bank.
You wrote check 1346 in the amount of $16.95 to The Oil Spot to pay for an oil change.
You wrote check 1347 in the amount of $152.84 to Sears for a winter coat.
You withdrew $50 from your account at an ATM.
You wrote check 1348 in the amount of $287.40 to the First National Bank to make your
car payment.
The First National Bank debited $100.00 from your checking account and deposited it in
your savings account.
You wrote check 1349 in the amount of $34.00 to Highland Cable for your TV cable bill.
You wrote check 1350 in the amount of $5.12 to The City of Highland for your sewer bill.
You wrote check 1351 in the amount of $145.38 to Visa to pay your credit card bill.
1/21
You used your debit card to pay $32.80 for dinner at The Wharf.
1/27
You deposited $700.00 of your paycheck in your account at the First National Bank.
1/21
1/30
1/31
You used your debit card to pay $84.35 for groceries at Eagle Foods.
You wrote check 1352 in the amount of $122.31 to Pacific Gas to pay your natural gas bill.
You wrote check 1353 in the amount of $175.14 to Goodyear for new tires.
Name: ____________________________________
Class: _______________________ Period: ____
My Money
DATE
12/28
12/31
12/31
NO
Account Register
DESCRIPTION OF
PAYMENT OR DEPOSIT
Camelot Music
1341 Compact Disk
First National Bank
Paycheck
Washington Square Apartments
1342 Rent
PAYMENT
DEPOSIT
AMOUNT T AMOUNT
16 95
735 24
325 00
9
BALANCE
92 45
16 95
75 50
735 24
810 74
325 00
485 74
Enter this amount at the top of the balance column on page 10
Name: ____________________________________
Class: _______________________ Period: ____
My Money
DATE
NO
Account Register
DESCRIPTION OF
PAYMENT OR DEPOSIT
PAYMENT
DEPOSIT
AMOUNT T AMOUNT
10
BALANCE
Enter this amount at the top of the balance column on page 14
Name: ____________________________________
Class: _______________________ Period: ____
My Money
Use the following
directions and the
transactions from page 2
to complete your January
account statement
(1)
Enter the total number of
deposits and other credits
received by the bank in
January.
(2)
Enter the total amount of the
January deposits and other
credits.
(3)
Enter the total number of
checks and other debits for
January.
(4)
Enter the total amount of
checks and other debits for
January.
(5)
Compute the bank's balance
for this statement by adding
the total amount of deposits
and other credits to the last
statement balance and
subtracting from your answer
the total amount of checks and
other debits.
(6)
Compute the balance by date
for the statement. (Remember
to include both check
transactions and checking
account transactions.)
January Account Statement
11
1st National Bank
Previous Statement Balance (12/31) ...................................
Plus ____ Deposits and Other Credits..........................
Less ____ Checks and Other Debits .............................
Current Statement Balance (1/31).....................................
*** CHECK TRANSACTIONS ***
Serial
Date
Amount
1341
1/04
16.95
1342
1/04
325.00
1343
1/09
35.22
1344
1/17
48.00
1345
1/10
9.50
1346
1/17
16.95
Serial
1347
1348
1349
1350
1351
Date
1/17
1/14
1/17
1/24
1/30
***CHECKING ACCOUNT TRANSACTIONS***
Date Description
Debit
01/02 DC - Athlete's Foot................................... 105.84
01/07 DC - Eagle Foods...................................... 56.29
01/10 DC - Pizza Hut.......................................... 12.52
01/13 Deposit .......................................................
01/14 ATM........................................................... 50.00
01/15 DB - Checking To Savings ....................... 100.00
01/21 DC - The Wharf........................................ 32.80
01/21 DC - Eagle Foods...................................... 84.35
01/27 Deposit .......................................................
01/31 Service Charge..........................................
7.00
$ 827.69
$________
$________
$________
Amount
152.84
287.40
34.00
5.12
145.38
Credit
735.24
700.00
***BALANCE BY DATE***
12/31...................
01/02...................
01/04...................
01/07...................
01/09...................
01/10...................
01/13...................
01/14...................
Name: ____________________________________
__________
__________
__________
__________
__________
__________
__________
__________
01/15..................
01/17..................
01/21..................
01/24..................
01/27..................
01/30..................
01/31..................
_________
_________
_________
_________
_________
_________
_________
Class: _______________________ Period: ____
My Money
January Reconciliation
12
Use your account register, your January account statement, and the directions at the bottom of
the page to reconcile your account statement with your register.
1st National Bank
( 1)
( 2)
(
(
(
(
(
3)
4)
5)
6)
7)
( 8)
( 9)
(10)
Enter the balance from your account register.
Enter the service charge from the account statement. (Remember to enter the service charge in your register
as a debit and subtract it from your balance.)
Enter the TOTAL subtractions.
Subtract the TOTAL from your register balance to get the ADJUSTED REGISTER BALANCE.
Enter the current balance from the account statement.
Enter the total of any deposits shown in your register, but not on the statement.
Place an X in the T column of your register by each transaction which is shown on the account statement. The checks have
been cashed, cleared, and returned to you with your statement. Assume all checks prior to #1341 have cleared previously.
Enter the check number and amount of each check in your register which has not cleared.
Enter the total amount of your checks which have not cleared.
ADD the deposits not shown on the statement to the statement balance and SUBTRACT the total amount of
the outstanding checks from your answer. This will give you the ADJUSTED STATEMENT BALANCE.
If there are no mistakes in your register or in the account statement, the adjusted register balance will equal the
adjusted statement balance.
Name: ____________________________________
Class: _______________________ Period: ____
My Money
February Account Transactions
13
Enter each of the following transactions for February in your account register and compute the
balance.
Date
Transaction
2/03
You wrote check 1355 in the amount of $105.00 to Midas for a new muffler and exhaust.
2/01
2/03
2/03
2/04
2/04
2/08
2/08
2/10
2/11
2/13
2/15
2/15
2/18
2/20
2/22
2/24
2/25
2/27
You wrote check 1354 in the amount of $325.00 to Washington Square Apartments for
your rent.
The First National Bank debited $175.00 from your savings account and deposited it in
your checking account.
You used your debit card to pay $48.93 for groceries at Eagle Foods.
You wrote check 1356 in the amount of $33.38 to Western Bell to pay your telephone bill.
You used your debit card to pay $65.12 for new boots at Leslie Shoes.
You wrote check 1357 in the amount of $52.60 to Pacific Power for your electric bill.
You wrote check 1358 in the amount of $10.25 to Municipal Water for your water bill.
You deposited $735.24 of your paycheck in your account at the First National Bank.
You used your debit card to pay $27.14 for dinner at Matti Gaye's.
You wrote check 1359 in the amount of $287.40 to the First National Bank for your car
payment.
You wrote check 1360 in the amount of $34.00 to Highland Cable for your TV cable bill.
The First National Bank debited $100.00 from your checking account and deposited it in
your savings account.
You withdrew $50 from your account at an ATM.
You wrote check 1361 in the amount of $6.10 to the city of Highland to pay your sewer bill.
You wrote check 1362 in the amount of $110.95 to Visa for your credit card bill.
You deposited $760.24 of your paycheck in your account at the First National Bank.
You used your debit card to pay $72.40 for groceries at Eagle Foods.
You wrote check 1363 in the amount of $134.46 to Pacific Gas for your natural gas bill.
Name: ____________________________________
Class: _______________________ Period: ____
My Money
DATE
NO
Account Register
DESCRIPTION OF
PAYMENT OR DEPOSIT
Name: ____________________________________
PAYMENT
DEPOSIT
AMOUNT T AMOUNT
14
BALANCE
Class: _______________________ Period: ____
My Money
Use the following
directions and the
transactions from page 7
to complete your
February account
statement.
(1)
Enter the total number of
deposits and other credits
received by the bank in
February.
(2)
Enter the total amount of the
February deposits and other
credits.
(3)
Enter the total number of
checks and other debits for
February.
(4)
Enter the total amount of
checks and other debits for
February.
(5)
Compute the bank's balance
for this statement by adding
the total amount of deposits
and other credits to the last
statement balance and
subtracting from your answer
the total amount of checks and
other debits.
(6)
Compute the balance by date
for the statement. (Remember
to include both check
transactions and checking
account transactions.)
February Account Statement
15
1st National Bank
Previous Statement Balance (1/31) .....................................
Plus ___ Deposits and Other Credits .............................
Less ___ Checks and Other Debits ................................
Current Statement Balance (2/28).....................................
*** CHECK TRANSACTIONS ***
Serial
Date
Amount
1352
2/06
122.31
1353
2/03
175.14
1354
2/03
325.00
1355
2/06
105.00
1356
2/06
33.38
1357
2/13
52.60
Serial
1358
1359
1360
1361
Date
2/09
2/13
2/18
2/25
***CHECKING ACCOUNT TRANSACTIONS***
Date Description
Debit
02/03 Deposit .......................................................
02/03 DC - Eagle Foods...................................... 48.93
02/04 DC - Leslie Shoes...................................... 65.12
02/10 Deposit .......................................................
02/11 DC - Matti Gaye's .................................... 27.14
02/15 DB - Checking To Savings ....................... 100.00
02/18 ATM........................................................... 50.00
02/24 Deposit .......................................................
02/25 DC - Eagle Foods...................................... 72.40
02/28 Service Charge..........................................
7.00
$ 737.77
$________
$________
$________
Amount
10.25
287.40
34.00
6.10
Credit
175.00
735.24
760.24
***BALANCE BY DATE***
01/31...................
02/03...................
02/04...................
02/06...................
02/09...................
02/10...................
02/11...................
02/13...................
Name: ____________________________________
__________
__________
__________
__________
__________
__________
__________
__________
02/15 ................
02/18 ................
02/24 ................
02/25 ................
02/28 ................
__________
__________
__________
__________
__________
Class: _______________________ Period: ____
My Money
February Reconciliation
16
Use your account register, your February account statement, and the directions at the bottom of
the page to reconcile your account statement with your register.
1st National Bank
( 1)
( 2)
(
(
(
(
(
3)
4)
5)
6)
7)
( 8)
( 9)
(10)
Enter the balance from your account register.
Enter the service charge from the account statement. (Remember to enter the service charge in your register
as a debit and subtract it from your balance.)
Enter the TOTAL subtractions.
Subtract the TOTAL from your register balance to get the ADJUSTED REGISTER BALANCE.
Enter the current balance from the account statement.
Enter the total of any deposits shown in your register, but not on the statement.
Place an X in the T column of your register by each transaction which is shown on the account statement. The checks have
been cashed, cleared, and returned to you with your statement. Assume all checks prior to #1341 have cleared previously.
Enter the check number and amount of each check in your register which has not cleared.
Enter the total amount of your checks which have not cleared.
ADD the deposits not shown on the statement to the statement balance and SUBTRACT the total amount of
the outstanding checks from your answer. This will give you the ADJUSTED STATEMENT BALANCE.
If there are no mistakes in your register or in the account statement, the adjusted register balance will equal the
adjusted statement balance.
Name: ____________________________________
Class: _______________________ Period: ____
My Money
A Sad Tale
17
Write a short, humorous account of Brenda "The Bouncer" Bernhardt, who mismanaged her
checking account so badly her personal finances were a disaster. Include as many different errors
as possible in making deposits, writing checks, maintaining her register, and reconciling.
A Sad Tale
__________________________________________________________
__________________________________________________________
__________________________________________________________
__________________________________________________________
__________________________________________________________
__________________________________________________________
__________________________________________________________
__________________________________________________________
__________________________________________________________
__________________________________________________________
__________________________________________________________
__________________________________________________________
__________________________________________________________
__________________________________________________________
__________________________________________________________
__________________________________________________________
__________________________________________________________
__________________________________________________________
__________________________________________________________
__________________________________________________________
__________________________________________________________
__________________________________________________________
__________________________________________________________
__________________________________________________________
Name: ____________________________________
Class: _______________________ Period: ____
My Money
Whoops!
18
1. The register and account statement on the following two pages will not reconcile because of
several errors. Find the errors and list them below. The bank has made no errors.
(1) _______________________________________________________________________________
(2) _______________________________________________________________________________
(3) _______________________________________________________________________________
(4) _______________________________________________________________________________
(5) _______________________________________________________________________________
(6) _______________________________________________________________________________
(7) _______________________________________________________________________________
(8) _______________________________________________________________________________
2. Complete the adjusting entry in the register so the register is correct.
3. Correctly reconcile the register and statement using the reconciliation form below.
1st National Bank
Name: ____________________________________
Class: _______________________ Period: ____
My Money
DATE
NO
3/02
2031
3/02
2032
3/04
2033
3/04
2034
3/07
DC
3/10
3/13
2035
3/15
2036
3/16
ATM
3/20
2037
3/24
2038
3/24
DC
3/24
3/26
3/31
3/31
3/31
2039
Account Register
DESCRIPTION OF
PAYMENT OR DEPOSIT
Second National Bank
Auto Loan
James Johnson
Rent
Commonwealth Edison
Electric Bill
General Telephone Company
Telephone Bill
Super Value Foods
Food
Second National Bank
Paycheck
Master Card
Credit Card Payment
Ed's Garage
Car Repair
ATM
Cash
American Mutual Insurance
Life Insurance Premium
American Mutual Insurance
Car Insurance Premium
Who Flung Dung's
Chinese Dinner
Second National Bank
Paycheck
Municipal Water
Water and Sewer Bills
Second National Bank
Birthday Gift
Adjusting Entry
Errors in March Register
Second National Bank
Service Charge
Name: ____________________________________
PAYMENT
DEPOSIT
AMOUNT T AMOUNT
208 50 X
250 00 X
45 78 X
28 20 X
37 38 X
605
00
235 45 X
105 54 X
50 00 X
35 65
250 75 X
22 36 X
605 00
23 45
25 00
6 00
19
BALANCE
747
208
539
200
339
45
293
28
265
37
228
605
833
235
598
105
492
50
542
35
507
250
256
22
234
605
839
23
815
25
840
61
50
11
00
11
78
33
20
13
38
75
00
75
45
30
54
76
00
76
65
11
75
36
36
00
00
00
45
55
00
55
6
00
Class: _______________________ Period: ____
My Money
March Account Statement
Previous Statement Balance (2/28) .....................................
Plus 2 Deposits and Other Credits..............................
Less 11 Checks and Other Debits..................................
Current Statement Balance (3/31).....................................
*** CHECK TRANSACTIONS ***
Serial
Date
Amount
2031
3/02
208.50
2032
3/07
250.00
2033
3/07
45.78
2034
3/18
28.20
Serial
2036
2038
2041
$ 747.61
$1,210.00
$1,040.03
$ 917.58
Date
3/16
3/29
3/27
Amount
105.54
250.75
35.42
***CHECKING ACCOUNT TRANSACTIONS***
Date Description
Debit
03/10 Deposit .......................................................
03/10 DC - Super Value Foods .......................... 37.38
03/16 ATM........................................................... 50.00
03/24 Deposit .......................................................
03/27 DC - Who Flung Dung's .......................... 22.46
03/31 DB ..............................................................
6.00
***BALANCE BY DATE***
02/28...................
747.61
03/02...................
539.11
03/07...................
243.33
03/10...................
810.95
03/16...................
655.41
Your Checkbook Balance
SUBTRACT
Service Charges
Check Order
Charges
Overdraft
Charges
Misc. Debits
TOTAL
ADJUSTED BALANCE
Credit
605.00
605.00
03/18.....................
03/24.....................
03/27.....................
03/29.....................
03/31.....................
627.21
1232.21
1174.33
923.58
917.58
R ECONCILIATION F ORM
$840.55
0.00
$917.58
$
SUBTRACT
Checks Outstanding
0.00
0.00
Bank Balance
ADD
Deposits not
Shown on this
Statement
$6.00
NO
$0.00
$840.55
Name: ____________________________________
2039
2043
__________
20
AMOUNT
$35.65
$23.45
___________
ADJUSTED BALANCE
0.00
$ 59.10
$858.48
Class: _______________________ Period: ____
My Money
Checking Account Assessment - True or False
True or False
21
1. All checking accounts pay interest . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
___________
3. A check may be written for any deposited amount . . . . . . . . . . . . . . . . . . . . . .
___________
5. A debit card is used to make withdrawals from a checking account . . . . . . . .
___________
2. Money can be withdrawn from a checking account as a credit . . . . . . . . . .
___________
4. When reconciling an account, the sum of the checks which have not cleared
must be subtracted from the balance on the account statement . . . . . . . . . . . ___________
6. When reconciling an account, the service charge must be added to the balance
in the register . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ___________
7. It is unlikely that a register and an account statement will show the same
balance without reconciling . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ___________
8. The amount of a check must be written twice on the check . . . . . . . . . . . . . . .
___________
10. Checking account statements are available online . . . . . . . . . . . . . . . . . . . . . .
___________
12. A bank receives checks in the same order that a depositor writes them . . . . .
___________
14. Savings and loan associations offer checking accounts . . . . . . . . . . . . . . . . . . .
___________
16. Money can be withdrawn from a checking account at an ATM . . . . . . . . . . . .
___________
18. A cashier’s check is a bank’s check . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
___________
20
___________
9. A deposit is a debit to a checking account . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
___________
11. A canceled check is one that has been written incorrectly and thrown away .
___________
13. When reconciling an account, any deposits which do not appear on the
account statement must be added to the register . . . . . . . . . . . . . . . . . . . ___________
15. Credit unions offer share draft accounts . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
___________
17. Checks are universally accepted like cash . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
___________
19. A debit card can also be used as a credit card . . . . . . . . . . . . . . . . . . . . . . . . . .
___________
To overdraw means to withdraw more than has been deposited . . . . . . . . . . .
Name: ____________________________________
Class: _______________________ Period: ____
My Money
Checking Account Assessment - Math Problems
22
1. John Dough received his account statement showing a balance of $523.50.
His register showed a balance of $872.02. The following checks were shown
in his register as not being cleared.
Check #32 for $ 4.87
Check #53 for $ 22.48
Check #69 for $107.13
A $472.00 deposit which he made was not shown on his statement and a
$5.00 service charge had been applied.
John's register and statement will not reconcile. What is the amount of the
error? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $______________
2. Carrie Cash's last account statement showed a balance of $435.92. During
the month she made two deposits of $546.39 and $238.76. She wrote
$609.27 in checks and spent $126.42 using her debit card. Her statement
showed a check order fee of $20.00 and a service charge of $6.00. What was
the balance on her current account statement? . . . . . . . . . . . . . . . . . . . . . . $______________
3. Penny Pincher's account earns interest at a yearly rate of 3% compounded
monthly on the average daily balance in the account. Her daily balance
information is shown below.
DATE
06/01
06/12
06/24
06/27
BALANCE
$ 745.68
583.25
1,234.47
842.50
What was her average daily balance for the month? . . . . . . . . . . . . . . . . . . $______________
How much interest did she earn? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $______________
Name: ____________________________________
Class: _______________________ Period: ____
My Money
Save It!
23
Listed below are ten different financial situations. Use the
descriptions on the following page to choose the savings plans
that would be most practical in each situation.
There can be more than one answer for each.
Situation 1: You are saving $50 a month to buy a compact disc player that costs
$300. How can you save the money? . . . . . . . . . . . . . . . . . . . . . . . . .
Situation 2: Beginning in January, you plan to save $15 a month to buy
Christmas gifts next December. How can you save it? . . . . . . . . . .
Situation 3: You have inherited $5,000 which you are going to use for college in
four years. How can you save it? . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Situation 4: You have joined the payroll savings plan where you work to set
aside $25 from each paycheck for the down payment on a new sports
car. How can you have it saved? . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Situation 5: Which types of savings offer high liquidity in case of unexpected
bills and emergencies? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Situation 6: You have started saving $100 a month as a college fund for your son.
As the fund grows, what types of savings could you use in this long
term savings program? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Situation 7: You received a $1,000 bonus. You plan to use it to start saving for
the down payment on your first home. How can you save it? . . . . .
Situation 8: You are going to save $200 a month for a trip to the Far East in
three years. What types of savings could you use for this three year
savings plan? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Situation 9: You keep a minimum of $5,000 in business savings. What account
will allow you to earn the highest interest and withdraw money
when you need it? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Situation 10: You want to start your own retirement fund. How can you get the
best return on this long term savings? . . . . . . . . . . . . . . . . . . . . . . .
Name: ____________________________________
____________
____________
____________
____________
____________
____________
____________
____________
____________
____________
Class: _______________________ Period: ____
My Money
Types of Savings
24
(A) STATEMENT SAVINGS ACCOUNTS
Statement savings accounts are available at both banks and savings and loan associations. They're the most
basic savings plans. Deposits and withdrawals can be made in any amount at any time. Interest rates on
statement savings accounts are lower than other types of savings because of the high liquidity. This type of
account is useful as an emergency fund or when small deposits are being made.
(B) SHARE ACCOUNTS
Share accounts are available at credit unions. They're the equivalent of passbook savings accounts. Deposits
and withdrawals can be made in any amount at any time. Interest rates on share accounts are lower than on
other savings plans offered by credit unions because of the high liquidity. This type of account is useful as an
emergency fund or when small deposits are being made.
(C) EE SAVINGS BONDS
The federal government uses EE savings bonds to borrow money from the public. They're offered for sale through
financial institutions and the payroll savings plan.
EE savings bonds are available in denominations of $50, $75, $100, and higher. They're purchased for one half their
face value. For example, a $50 bond costs $25.
EE savings bonds earn a variable rate of interest compounded semi-annually when held five years or more. There is
also a guaranteed minimum rate. They earn a lower fixed rate when held less than five years.
EE savings bonds must be held six months before they can be redeemed. They're best used for longer term savings
since they have less liquidity than passbook or share accounts and only receive their highest interest rate when held
five years or more.
(D) CHRISTMAS CLUBS
Christmas Clubs are savings accounts offered by financial institutions to help you save money for your Christmas
shopping. The specific requirements of the clubs vary among financial institutions. They're a good method of
Christmas saving if they earn a higher rate of interest than passbook or share accounts.
(E) CERTIFICATES OF DEPOSIT
Certificates of deposit are offered by banks, savings and loan associations, and credit unions. Most of these require a
minimum deposit of $1,000 to buy a certificate.
The interest rate you earn will depend on the size of your deposit and the length of the deposit. For example, a $1,000
certificate for one year will have a lower rate of interest than a $1,000 certificate for two years. A $1,000 certificate
for one year will have a lower rate of interest than a $5,000 certificate for one year.
There are substantial penalties for early withdrawal. It is better to open an account with more liquidity and a lower
interest rate if you can't meet the time requirement of a certificate of deposit.
(F) MONEY MARKET SAVINGS ACCOUNTS
Money market savings accounts are offered by banks, savings and loan associations, and credit unions. They require
a minimum deposit of $2,500 and pay a variable rate of interest. Withdrawals can be made at any time unless other
restrictions are set by the particular financial institution.
Money market savings accounts pay a higher rate of interest than passbook or share accounts because of the large
minimum balance that's required. They also offer greater liquidity than certificates of deposit.
(G) INDIVIDUAL RETIREMENT ACCOUNTS
Individual retirement accounts are retirement savings plans. They're offered by banks, savings and loan associations,
and credit unions as well as insurance companies and brokerage firms. They pay a higher rate of interest than other
types of savings because of the low liquidity.
You may be allowed to deduct a portion of the money you deposit in an IRA each year when computing your income
tax. The size of your deduction depends on your occupation and income. This deduction is known as a tax shelter
because you do not pay taxes on the money until you withdraw it.
The earliest you can withdraw money from an IRA without penalty is age 59-1/2. If you withdraw earlier,
substantial penalties are applied. You should only use an IRA for retirement savings.
Name: ____________________________________
Class: _______________________ Period: ____
My Money
John Dough’s Savings Account
25
John Dough started working part time after school in March and worked full time in the summer.
He opened a statement savings account at the bank to save part of each paycheck. Compute the
balance in his account by adding deposits and interest earned and subtracting withdrawals.
Date
3/11
3/25
3/31
Central National Bank
Statement Savings Account
Deposit
25.00
4/08
4/22
25.00
25.00
6/03
6/09
6/17
6/30
50.00
5/06
5/20
7/01
7/15
7/25
7/29
8/12
8/26
9/02
9/07
9/16
9/30
9/30
10/14
10/28
Withdrawal
Interest
.90
25.00
25.00
50.00
80.00
50.00
60.00
30.00
30.00
30.00
30.00
$ 150.00
__________
__________
__________
__________
__________
__________
40.00
1.98
25.00
50.00
150.00
50.00
Balance
__________
__________
__________
__________
1. What were John's total
deposits from 3/25 - 10/28?
$ __________
2. What percentage of his
deposits from 3/25 - 10/28
were withdrawn?(Divide his
total withdrawals by his total
deposits and round to the
nearest 1/10th percent.)
__________%
3. What was the percentage
increase in his balance from
3/11 through 10/28? (Round to
the nearest 1/10th percent.)
__________%
__________
__________
__________
__________
__________
__________
75.00
4.05
Name: ____________________________________
__________
__________
__________
__________
__________
__________
__________
Class: _______________________ Period: ____
My Money
James Bond’s Bonds
26
In February, 2008 James Bond decided to redeem the EE savings bonds he bought in 2000 on the
payroll savings plan. He bought each of the bonds for 50% of their face value.
Complete the following chart entering the purchase price and interest earned on each
bond. Then compute the totals for each column.
Date Of
Purchase
Face
Value
1/14/00
$ 50.00
3/11/00
$ 50.00
2/11/00
$ 50.00
Value At
Redemption
$
34.42
34.06
6/15/00
$ 75.00
50.55
8/15/00
$ 75.00
50.22
7/10/00
9/12/00
10/14/00
11/11/00
12/16/00
$ 75.00
50.73
50.37
$100.00
66.72
$100.00
65.64
$100.00
$100.00
TOTAL
W HAT WAS T HE
P ERCENTAGE
I NCREASE I N T HE
TOTAL VALUE O F
T HE B ONDS AT
R EDEMPTION
C OMPARED TO
T HEIR TOTAL
P URCHASE P RICE ?
34.18
$ 50.00
$ 75.00
Interest
Earned
34.30
4/15/00
5/13/00
Purchase
Price
66.48
65.44
%
Why do think it is necessary for the federal government to issue savings bonds?
___________________________________________________________________________________________________________
___________________________________________________________________________________________________________
___________________________________________________________________________________________________________
___________________________________________________________________________________________________________
___________________________________________________________________________________________________________
___________________________________________________________________________________________________________
___________________________________________________________________________________________________________
___________________________________________________________________________________________________________
Name: ____________________________________
Class: _______________________ Period: ____
My Money
It Ads Up
27
Create a poster illustrating the concept of compound interest.
Name: ____________________________________
Class: _______________________ Period: ____
My Money
Start Saving Smart
28
Write 12 steps to successful saving. Include suggestions on when to save, how much to save,
where to save, and how to make savings grow.
12 Steps To Successful Saving
1. ____________________________________________________
2. ____________________________________________________
3. ____________________________________________________
4. ____________________________________________________
5. ____________________________________________________
6. ____________________________________________________
7. ____________________________________________________
8. ____________________________________________________
9. ____________________________________________________
10. ____________________________________________________
11. ____________________________________________________
12. ____________________________________________________
Name: ____________________________________
Class: _______________________ Period: ____
My Money
Savings Assessment - True or False
29
True or False
1. The proper financial term for a savings account is a time deposit. ...................
___________
3. Interest rates paid on savings account are fixed by law.....................................
___________
2. There is a direct relationship between liquidity and interest rates ..................
4. The amount of money in a savings account is the balance. ...............................
5. EE savings bonds earn a fixed rate of interest ...................................................
6. Money taken out of a savings account is a withdrawal. .....................................
7. Statement savings accounts charge a penalty for early withdrawal .................
8. Money put in a savings account is both a deposit and a debit...........................
9. Compound interest pays interest on the interest earned ...................................
10. A certificate of deposit is more liquid than a statement savings account .........
11. A Christmas Club is a type of certificate of deposit ............................................
12. Savings account statements are available online ...............................................
13. Certificates of deposit require no minimum deposit ...........................................
14. Savings bonds are loans to the Federal government ..........................................
___________
___________
___________
___________
___________
___________
___________
___________
___________
___________
15. You pay 50% of the face value for EE bonds........................................................
___________
17. Share accounts are available at banks ................................................................
___________
16. Interest computed every three months is bimonthly. .........................................
18. An IRA is a retirement savings account ..............................................................
19. Certificates of deposit charge a penalty for early withdrawal ...........................
20. Certificates of deposit are offered by banks and credit unions ..........................
Name: ____________________________________
___________
___________
___________
___________
___________
Class: _______________________ Period: ____
My Money
Savings Assessment - Math Problems
30
1. John Dough opened a savings account with a deposit of $140. He made
additional deposits of $50, $50, $25, $75, and $125 and withdrawals of $40 and
$75. He's earned $8.46 in interest. What is the current balance in his account? $ _________
2. Dee Possitt opened a savings account with a $200 deposit. Her current balance
is $824.35. What has been the percentage increase in her balance? Round to the
nearest 1/10th percent. ............................................................................................. _________%
3. James Bond redeemed a $75 EE bond for $89.13. How much interest did he
earn?........................................................................................................................... $ _________
4. Sam Saver bought a $10,000 certificate of deposit on April 1st which compounds
interest quarterly at 8.4%. How much interest did he earn at the end of the first
quarter? . ................................................................................................................... $ _________
5. During a five month period, Penny Pincher was paid monthly interest rates of
3.80, 3.75, 3.75, 3.40, and 3.25 on her money market savings account. What was
the average rate over the five month period? Round to the nearest 1/100th
percent. ...................................................................................................................... _________%
Name: ____________________________________
Class: _______________________ Period: ____
My Money
The Investment Game
31
THE INVESTMENT GAME is played during twelve class periods. Each class period represents
an investment month.
Each student begins with the same amount of money. The amount is unimportant. The examples
given on pages 32-34 use $4,000.
Each student will make independent investment decisions based upon monthly price changes and
analysis of business and economic news. The object is to make as much money as possible.
During the first class period of the project, each student will be given the first month's investment
form and will make their first investments. Examples of how to make investments on the forms
are given on pages 32-34.
During the second class period of the project, each student will be given the second month's
investment form and will make their investment decisions based upon the following procedures.
1. Compute the interest on any money in passbook savings the previous month using the monthly
interest rate of .004 (example on page 34). Then enter the amount of the savings plus interest
in the amount received column of the new form.
2. Enter any interest from bonds or dividends from shares of stock in the amount received column
(example on page 34).
3. Make investment sales (example on page 33).
4. Add the total of the amount received column.
5. Reinvest the total of the amount received column in
commodities, stocks, bonds, mutual funds, or savings.
The same daily procedure continues until the
twelfth month when all investments are sold
to determine the amount of each student's
profit or loss by comparing the total of the
amount received column for
the twelfth month with the
original amount invested
the first month.
Name: ____________________________________
Class: _______________________ Period: ____
My Money
A (First Month)
$4,000 Investment Example
B
C
D
E
BROK
TODAY'S
AMOUNT
SOLD
BOUGHT
Commodities
Gold (Ounce) ................... $ 200.00
Corn (Bushel) .................. $
2.00
_________
_________
4
300
Common Stock
General Motors ............... $
Texas Natural Gas ......... $
Merkl Manufacturing ..... $
60.00
50.00
25.00
_________
_________
_________
5
6
20
$2,000.00
$1,000.00
_________
_________
INVESTMENT
Bonds
Chicago Municipal (8%) .
Ford Motor Co. (12%) .....
PRICE
Mutual Funds
Land Developers ............. $
Blue Chip ........................ $
Savings
(5.25%) ............................
10.00
20.00
$_______
I
AMOUNT
F
G
32
H
AMOUNT
AMOUNT
$ 22.40
$ 18.00
_________
_________
$ 822.40
$ 618.00
4
300
$ 12.00
$ 12.00
$ 16.00
_________
_________
_________
$ 312.00
$ 312.00
$ 516.00
5
6
20
_________
1
________
$ 25.00
_________
_________
_________
$1,025.00
_________
1
_________
_________
20
_________
$ 10.00
________
_________
_________
$ 210.00
_________
20
_________
_________
_________
________
_________
$ 184.60
_________ = $4,000.00
$ 184.60
The Total Amount Received Must
Be Reinvested or Saved
RECEIVED SPENT
AMOUNT
OWNED
Investment: This column lists the ten types of investments which can be made.
Today's Price: This column gives the prices which are used for both buying and selling.
Amount Sold: The number of units of the investment sold.
Amount Bought: The number of units of the investment bought.
Brokerage: The commission which must be paid on each transaction (buying and selling).
Amount Received: The amount of money received from selling an investment (minus
brokerage).
G. Amount Spent: The amount of money spent when buying an investment (plus brokerage).
H. Amount Owned: The total amount of an investment owned.
I. Total to Reinvest: The sum of column F (amount received). The total of this column must be
reinvested each month.
A.
B.
C.
D.
E.
F.
Name: ____________________________________
Class: _______________________ Period: ____
My Money
Example of Buying and Selling
(Second Month)
INVESTMENT
TODAY'S
PRICE
AMOUNT
SOLD
Commodities
Gold (Ounce) ................... $ 210.00
Corn (Bushel) .................. $
2.20
Common Stock
General Motors ............... $
Texas Natural Gas ......... $
Merkl Manufacturing ..... $
Bonds
Chicago Municipal (8%) .
Ford Motor Co. (12%) .....
2
100
BROK
AMOUNT
RECEIVED
$ 14.40
$ 10.40
$ 405.60
$ 209.60
$ 16.40
$ 12.00*
_________
_________
AMOUNT
SPENT
AMOUNT
OWNED
2
200
59.50
52.00
24.00
_________
_________
_________
$2,000.00
$1,000.00
_________
_________
_________
________
_________
$ 30.00*
_________
_________
1
_________
_________
20
_________
$ 10.40
________
_________
_________
$ 230.40
_________
40
_________
_________
_________
________
$ 185.34
$
75.74
$ 842.54 = $ 842.54
Mutual Funds
Land Developers ............. $
Blue Chip ........................ $
Savings
(5.25%) ............................
AMOUNT
BOUGHT
33
11.00
19.00
$_______
10
The Total Amount Received Must
Be Reinvested or Saved
5
16
$ 536.40
$
80.74
Example of Buying (T.N.G.)
$ 52.00
x
10
$520.00
$520.00
$520.00
x
.02
+ 16.40
$ 10.40
$536.40
+ 6.00
$ 16.40
Example of Selling (Gold)
$210.00
x
2
$420.00
$420.00
x
.02
$ 8.40
+ 6.00
$ 14.40
BROKERAGE
AMOUNT INVESTED COMMISSION
$420.00
- 14.40
$405.60
Name: ____________________________________
$
0 - $ 799
$ 800 - $2,499
$2,500 - more
2.0% + $ 6
1.3% + $12
.9% + $22
*See example of bond interest and stock dividends
on page 34.
Class: _______________________ Period: ____
My Money
Passbook, Bond, & Stock Interest Examples
(Second Month)
TODAY'S
INVESTMENT
AMOUNT
PRICE
SOLD
Commodities
Gold (Ounce) ................... $ 210.00
Corn (Bushel) .................. $
2.20
Common Stock
General Motors ............... $
Texas Natural Gas ......... $
Merkl Manufacturing ..... $
Bonds
Chicago Municipal (8%) .
Ford Motor Co. (12%) .....
2
100
BROK
AMOUNT
AMOUNT
RECEIVED SPENT
$ 14.40
$ 10.40
$ 405.60
$ 209.60
$ 16.40
$ 12.00D
_________
_________
AMOUNT
OWNED
2
200
59.50
52.00
24.00
_________
_________
_________
$2,000.00
$1,000.00
_________
_________
_________
________
_________
$ 30.00I
_________
_________
1
_________
_________
20
_________
$ 10.40
________
_________
_________
$ 230.40
_________
40
_________
_________
_________
________
$ 185.34
$
75.74
$ 842.54 = $ 842.54
Mutual Funds
Land Developers ............. $
Blue Chip ........................ $
Savings
(5.25%) ............................
AMOUNT
BOUGHT
34
11.00
19.00
$_______
10
The Total Amount Received Must
Be Reinvested or Saved
BROKERAGE
AMOUNT INVESTED
$
0 - $ 799
$ 800 - $2,499
$2,500 - more
COMMISSION
2.0% + $ 6
1.3% + $12
.9% + $22
5
16
$ 536.40
$
80.74
Example of Bond Interest
And Stock Dividends
Interest per bond and dividends per
share of stock are given in the news. It is
only necessary to multiply by the
number of bonds or shares owned and
enter the amount in the amount
received column.
Example of Savings Interest
$184.60 (Original Savings Deposit)
x .004 (5.25% Yearly)
$
.74 (Monthly Interest)
$184.60 (Original Savings Deposit)
$185.34 (New Balance: Enter In Amount Received Column)
Name: ____________________________________
Class: _______________________ Period: ____
My Money
First Month
TODAY'S
AMOUNT
Commodities
Gold (Ounce) ................... $ 200.00
Corn (Bushel) .................. $
2.00
_________
_________
_________
_________
Common Stock
General Motors ............... $
Texas Natural Gas ......... $
Merkl Manufacturing ..... $
60.00
50.00
25.00
_________
_________
_________
$2,000.00
$1,000.00
INVESTMENT
Bonds
Chicago Municipal (8%) .
Ford Motor Co. (12%) .....
PRICE
Mutual Funds
Land Developers ............. $
Blue Chip ........................ $
Savings
(5.25%) ............................
10.00
20.00
$_______
AMOUNT
AMOUNT
AMOUNT
________
________
_________
_________
_________
_________
_________
_________
_________
_________
_________
________
________
________
_________
_________
_________
_________
_________
_________
_________
_________
_________
_________
_________
_________
_________
________
________
_________
_________
_________
_________
_________
_________
_________
_________
_________
_________
________
________
_________
_________
_________
_________
_________
_________
_________
_________
________
_________
_________
_________ = _________
_________
SOLD
AMOUNT
35
BOUGHT
BROK
The Total Amount Received Must
Be Reinvested or Saved
RECEIVED SPENT
OWNED
THE FINANCIAL DIGEST
DOLLAR DOWN!
The U.S. dollar lost ground
on the foreign exchange
market in relation to the
German
Mark
and
Japanese Yen.
New C. E. O.
for
Commtron Corp.
Howard Moncreff has been
named the new C. E. O. of
Commtron Corp. following
the death of the former
Chief, Stanley Wainright.
NATURAL GAS DEREGULATION
BITS, BYTES,
AND BUCKS
The House of Representatives has passed The computer
legislation deregulating natural gas prices. The bill industry is
will now move on to the Senate. Debate on the floor putting on its
best face at the
is expected soon.
world's largest
annual
computer show
opening today
in Las Vegas.
Agriculture Dept.
Predicts Record Corn
Harvest In The
Midwest
Name: ____________________________________
DOW SHOWS
SMALL
GAIN IN
MODERATE
TRADING
Class: _______________________ Period: ____
My Money
Second Month
TODAY'S
AMOUNT
SOLD
BOUGHT
BROK
RECEIVED
AMOUNT
AMOUNT
AMOUNT
Commodities
Gold (Ounce) ................... $ 209.75
Corn (Bushel) .................. $
1.94
_________
_________
_________
_________
________
________
_________
_________
_________
_________
_________
_________
Common Stock
General Motors ............... $
Texas Natural Gas ......... $
Merkl Manufacturing ..... $
60.50
55.25
24.75
_________
_________
_________
_________
_________
_________
________
________
________
_________
_________
_________
_________
_________
_________
_________
_________
_________
$2,000.00
$1,000.00
_________
_________
_________
_________
________
________
_________
_________
_________
_________
_________
_________
_________
_________
_________
_________
________
________
_________
_________
_________
_________
_________
_________
_________
_________
________
_________
_________
_________ = _________
_________
INVESTMENT
Bonds
Chicago Municipal (8%) .
Ford Motor Co. (12%) .....
PRICE
Mutual Funds
Land Developers ............. $
Blue Chip ........................ $
Savings
(5.25%) ............................
10.75
20.20
$_______
AMOUNT
36
The Total Amount Received Must
Be Reinvested or Saved
SPENT
OWNED
THE FINANCIAL DIGEST
AUTO SALES HIT
NEW ALL TIME
HIGH
C. P. I. UP
Analysts see little decrease in
demand.
General Motors Pays Dividend
Merkl
Shows Slow
The consumer price index
Sales
increased by a three year
high of 1.2% during the Net Earnings
month.
Decline
LAND PRICES
RISING
Layoffs
Announced
A recent survey by the
Association
of
Land
PRIME
The General Motors Corporation announced a Developers
shows
an
INTEREST
quarterly dividend of $1.00 per share following increase of 12% in the price
RATE
publication yesterday of increased sales and of land.
INCREASES
earnings for the quarter.
Name: ____________________________________
Class: _______________________ Period: ____
My Money
Third Month
TODAY'S
AMOUNT
SOLD
BOUGHT
BROK
RECEIVED
Commodities
Gold (Ounce) ................... $ 215.20
Corn (Bushel) .................. $
1.90
_________
_________
_________
_________
________
________
_________
_________
_________
_________
_________
_________
Common Stock
General Motors ............... $
Texas Natural Gas ......... $
Merkl Manufacturing ..... $
64.25
60.50
23.00
_________
_________
_________
_________
_________
_________
________
________
________
_________
_________
_________
_________
_________
_________
_________
_________
_________
Bonds
Chicago Municipal (8%) . $1,900.00
Ford Motor Co. (12%) ..... $ 975.00
_________
_________
_________
_________
________
________
_________
_________
_________
_________
_________
_________
Mutual Funds
Land Developers ............. $
Blue Chip ........................ $
_________
_________
_________
_________
________
________
_________
_________
_________
_________
_________
_________
_________
_________
________
_________
_________
_________ = _________
_________
INVESTMENT
Savings
(5.25%) ............................
PRICE
12.00
21.30
$_______
AMOUNT
The Total Amount Received Must
Be Reinvested or Saved
AMOUNT
AMOUNT
37
SPENT
AMOUNT
OWNED
THE FINANCIAL DIGEST
Ford Motor Company
Bonds Pay $30 in
Interest
Shareholders await
earnings report
T. N. G. Pays
Dividend
Texas Natural Gas
today announced a
$2.00
per
share
dividend
for
the
quarter.
NATURAL GAS DEREGULATION
DOLLAR
DRIFTS
DOWN
The Senate today followed the lead of the House of
Representatives and passed legislation to The dollar lost
deregulate the price of natural gas. The president ground today in
has not said if he will sign or veto the bill.
relation to the
German Mark,
Inflation Fears Japanese Yen,
Insufficient
and
other
Focus of Fed
currencies.
Meeting
Grain Storage
Facilities for
Huge Corn Crop
Name: ____________________________________
Merkl announces
no dividend
payment for the
quarter
Chicago
Municipal
Bonds Pay
$40 in
Interest
Class: _______________________ Period: ____
My Money
Fourth Month
TODAY'S
AMOUNT
SOLD
BOUGHT
BROK
Commodities
Gold (Ounce) ................... $ 220.10
Corn (Bushel) .................. $
1.80
_________
_________
_________
_________
Common Stock
General Motors ............... $
Texas Natural Gas ......... $
Merkl Manufacturing ..... $
65.00
66.50
17.50
_________
_________
_________
Bonds
Chicago Municipal (8%) . $1,940.00
Ford Motor Co. (12%) ..... $ 980.00
Mutual Funds
Land Developers ............. $
Blue Chip ........................ $
INVESTMENT
Savings
(5.25%) ............................
PRICE
12.40
21.75
$_______
AMOUNT
38
AMOUNT
AMOUNT
AMOUNT
________
________
_________
_________
_________
_________
_________
_________
_________
_________
_________
________
________
________
_________
_________
_________
_________
_________
_________
_________
_________
_________
_________
_________
_________
_________
________
________
_________
_________
_________
_________
_________
_________
_________
_________
_________
_________
________
________
_________
_________
_________
_________
_________
_________
_________
_________
________
_________
_________
_________ = ________
_________
The Total Amount Received Must
Be Reinvested or Saved
RECEIVED
SPENT
OWNED
THE FINANCIAL DIGEST
FCC Proposes Fining
Bell Companies Over
Payments to Local
Phone Concerns
Fines to be Set at
$250,000 Each
PRESIDENT SIGNS
GAS BILL
After signing House Bill
1423 deregulating natural
gas prices, the president
stated that it would
encourage new exploration
for gas and oil.
Corn Exports Decline
TRAVEL
WILL COST
MORE
Record corn crops in the United States and
throughout the world are creating rising surpluses
All major
and sharp declines in corn exports from this
airlines today
country.
announced
moderate
DOLLAR UP
DOW JONES
increases in
INDUSTRIAL
airfares
The U. S. dollar has
been making gains AVERAGE HITS
against the Japanese
NEW HIGH
Yen and other
U. S. Balance
foreign currencies on
of Payments
the foreign exchange
shows
BULL MARKET
market.
improvement
Name: ____________________________________
CONTINUES
Class: _______________________ Period: ____
My Money
INVESTMENT
Fifth Month
TODAY'S
PRICE
AMOUNT
SOLD
AMOUNT
BOUGHT
BROK
AMOUNT
AMOUNT
RECEIVED
SPENT
39
AMOUNT
OWNED
Commodities
Gold (Ounce) ................... $ 218.27
Corn (Bushel) .................. $
1.62
_________
_________
_________
_________
________
________
_________
_________
_________
_________
_________
_________
Common Stock
General Motors ............... $
Texas Natural Gas ......... $
Merkl Manufacturing ..... $
67.75
71.25
14.75
_________
_________
_________
_________
_________
_________
________
________
________
_________
_________
_________
_________
_________
_________
_________
_________
_________
Bonds
Chicago Municipal (8%) . $1,930.00
Ford Motor Co. (12%) ..... $ 980.00
_________
_________
_________
_________
________
________
_________
_________
_________
_________
_________
_________
Mutual Funds
Land Developers ............. $
Blue Chip ........................ $
_________
_________
_________
_________
________
________
_________
_________
_________
_________
_________
_________
_________
_________
________
_________
_________
_________ = ______ __
_________
Savings
(5.25%) ............................
13.65
25.75
$_______
The Total Amount Received Must
Be Reinvested or Saved
THE FINANCIAL DIGEST
Blue Chip
Mutual Fund
announces the payment
of a $1.00 per share
semiannual dividend
Vote At CBOT For
Chairman May Be
Close
The campaign to be
chairman of the Chicago
Board of Trade pits old
guard against radical
change.
LARGEST CORN CROP IN
UNITED STATES HISTORY
REPORTED BY
AGRICULTURE DEPT
GM
Announces
Dividend
of
$1.50 Per
Share
UP 33% from
last quarter
New Oil and Gas Field Discovered
Interest Rates
Continue to
Rise
Texas Natural Gas today reported the discovery of a
new oil and gas field in the Gulf of Mexico.
Preliminary tests have led the company to predict a Consumer
Groups Fear
major find.
Inflation
Name: ____________________________________
Class: _______________________ Period: ____
My Money
Sixth Month
TODAY'S
AMOUNT
SOLD
BOUGHT
BROK
Commodities
Gold (Ounce) ................... $ 217.37
Corn (Bushel) .................. $
1.50
_________
_________
_________
_________
Common Stock
General Motors ............... $
Texas Natural Gas ......... $
Merkl Manufacturing ..... $
68.25
75.50
13.00
_________
_________
_________
Bonds
Chicago Municipal (8%) . $1,850.00
Ford Motor Co. (12%) ..... $ 950.00
Mutual Funds
Land Developers ............. $
Blue Chip ........................ $
INVESTMENT
Savings
(5.25%) ............................
PRICE
14.10
27.00
$_______
AMOUNT
40
AMOUNT
AMOUNT
AMOUNT
________
________
_________
_________
_________
_________
_________
_________
_________
_________
_________
________
________
________
_________
_________
_________
_________
_________
_________
_________
_________
_________
_________
_________
_________
_________
________
________
_________
_________
_________
_________
_________
_________
_________
_________
_________
_________
________
________
_________
_________
_________
_________
_________
_________
_________
_________
________
_________
_________
_________ = _________
_________
The Total Amount Received Must
Be Reinvested or Saved
RECEIVED SPENT
OWNED
THE FINANCIAL DIGEST
Texas Natural Gas
today announced a
2 for 1 stock split
U. S. Dollar
Stronger
UNITED AUTO
WORKERS
STRIKE
GENERAL
MOTORS
Ford Motor
Company Bonds
pay $30 in
interest
Quarterly
earnings reports
expected soon
Merkl
pays no
dividend for
second
quarter in a
row
Company
shakeup
expected
The dollar has been
gaining strength on the Texas Natural Gas Pays Dividend
foreign
exchange
Chicago
market against all Texas Natural Gas today announced a quarterly Municipal
major
currencies dividend of $2.00 per share, its largest quarterly Bonds pay $40
including the Yen, dividend in twenty years. Analysts are still in interest.
speculating on TNG's oil and gas find.
Pound, and Mark.
Name: ____________________________________
Class: _______________________ Period: ____
My Money
Seventh Month
TODAY'S
AMOUNT
SOLD
BOUGHT
BROK
Commodities
Gold (Ounce) ................... $ 216.40
Corn (Bushel) .................. $
1.45
_________
_________
_________
_________
________
________
_________
_________
_________
_________
_________
_________
Common Stock
General Motors ............... $
Texas Natural Gas ......... $
Merkl Manufacturing ..... $
65.00
37.75
12.00
_________
_________
_________
_________
_________
_________
________
________
________
_________
_________
_________
_________
_________
_________
_________
_________
_________
Bonds
Chicago Municipal (8%) . $1,800.00
Ford Motor Co. (12%) ..... $ 900.00
_________
_________
_________
_________
________
________
_________
_________
_________
_________
_________
_________
Mutual Funds
Land Developers ............. $
Blue Chip ........................ $
_________
_________
_________
_________
________
________
_________
_________
_________
_________
_________
_________
_________
_________
________
_________
_________
_________ = _________
_________
INVESTMENT
Savings
(5.25%) ............................
PRICE
14.50
26.00
$_______
AMOUNT
The Total Amount Received Must
Be Reinvested or Saved
AMOUNT
RECEIVED
AMOUNT
41
SPENT
AMOUNT
OWNED
THE FINANCIAL DIGEST
John Rainsworth has
stepped down as
chairman of
Consolidated Clothiers
amid takeover rumors
U. S. Dollar
Remains Strong
UNITED AUTO WORKERS
STRIKE
ENTERS SECOND MONTH
FEDERAL MEDIATORS
ENTER TALKS
Interest rates
continue to
climb
High home
mortgage
rates begin to
hurt the
building
industry
Although
central
banks
in
several
Merkl Manufacturing Obtains
foreign countries put
Nike
Patent
announces a
pressure on the dollar
today, it shows no signs Merkl Manufacturing Corporation has obtained a new $100 M
ad campaign
of weakening.
patent for a new process to produce synthetic
natural gas from grain.
Name: ____________________________________
Class: _______________________ Period: ____
My Money
Eighth Month
TODAY'S
AMOUNT
Commodities
Gold (Ounce) ................... $ 215.50
Corn (Bushel) .................. $
1.52
_________
_________
_________
_________
________
________
_________
_________
_________
_________
_________
_________
Common Stock
General Motors ............... $
Texas Natural Gas ......... $
Merkl Manufacturing ..... $
61.25
39.00
15.25
_________
_________
_________
_________
_________
_________
________
________
________
_________
_________
_________
_________
_________
_________
_________
_________
_________
Bonds
Chicago Municipal (8%) . $1,750.00
Ford Motor Co. (12%) ..... $ 870.00
_________
_________
_________
_________
________
________
_________
_________
_________
_________
_________
_________
Mutual Funds
Land Developers ............. $
Blue Chip ........................ $
_________
_________
_________
_________
________
________
_________
_________
_________
_________
_________
_________
_________
_________
________
_________
_________
_________ = _________
_________
INVESTMENT
Savings
(5.25%) ............................
PRICE
14.00
25.50
$_______
SOLD
AMOUNT
BOUGHT
BROK
The Total Amount Received Must
Be Reinvested or Saved
AMOUNT
AMOUNT
42
RECEIVED SPENT
AMOUNT
OWNED
THE FINANCIAL DIGEST
UNITED AUTO WORKERS
STRIKE
ENTERS THIRD MONTH
NO AGREEMENT IN SIGHT
BOTH SIDES LEAVE TABLE
Consumer Price Index Soars
GM SKIPS
DIVIDEND
Art Loses Its
Luster
Merkl Begins Plants
Interest
Rates
hit record
high
The Department of Commerce reported today that
the consumer price index rose 2.1% in the past Merkl Manufacturing has
month. This is the highest one month increase in broken ground on the first
several years.
of its synthetic gas plants.
Name: ____________________________________
The once high
Amid continuing labor
flying
strife, General Motors impressionist
Corporation has
art market fell
flat Monday
announced that no
night at
dividend payment will
Sotheby's
be made this quarter.
Class: _______________________ Period: ____
My Money
Ninth Month
TODAY'S
AMOUNT
SOLD
BOUGHT
BROK
Commodities
Gold (Ounce) ................... $ 221.32
Corn (Bushel) .................. $
1.64
_________
_________
_________
_________
Common Stock
General Motors ............... $
Texas Natural Gas ......... $
Merkl Manufacturing ..... $
58.50
40.75
20.75
_________
_________
_________
Bonds
Chicago Municipal (8%) . $1,700.00
Ford Motor Co. (12%) ..... $ 850.00
Mutual Funds
Land Developers ............. $
Blue Chip ........................ $
INVESTMENT
Savings
(5.25%) ............................
PRICE
13.27
25.00
$_______
AMOUNT
43
AMOUNT
AMOUNT
AMOUNT
________
________
_________
_________
_________
_________
_________
_________
_________
_________
_________
________
________
________
_________
_________
_________
_________
_________
_________
_________
_________
_________
_________
_________
_________
_________
________
________
_________
_________
_________
_________
_________
_________
_________
_________
_________
_________
________
________
_________
_________
_________
_________
_________
_________
_________
_________
________
_________
_________
_________ = _________
_________
The Total Amount Received Must
Be Reinvested or Saved
RECEIVED
SPENT
OWNED
THE FINANCIAL DIGEST
Balance of Payments Worsens
Property Tax
Revolt
Merkl Pays No
Dividend
Ford Motor
Company
Bonds Pay
$30 In
Interest
Chicago Municipal
Bonds Pay $40 In
Interest
New trade figures show the United States balance
of payments deficit at a five year high. In reaction, Chicagoans this Spokesmen for Merkl
the dollar lost ground to most currencies including week voted to Manufacturing explained
immediately
the Japanese Yen and German Mark.
that their decision to pay
cut city
no quarterly dividend was
property taxes
based on their need for
UNITED AUTO WORKERS
by 25%.
funds to build production
STRIKE
facilities and buy grain
supplies.
ENTERS FOURTH MONTH
TNG PAYS DIVIDEND
A spokesman for Texas Natural Gas today
announced a quarterly dividend payment of $2.00
per share.
Name: ____________________________________
Class: _______________________ Period: ____
My Money
Tenth Month (Option A)
TODAY'S
AMOUNT
Commodities
Gold (Ounce) ................... $ 225.40
Corn (Bushel) .................. $
1.90
_________
_________
_________
_________
Common Stock
General Motors ............... $
Texas Natural Gas ......... $
Merkl Manufacturing ..... $
55.75
42.00
23.25
_________
_________
_________
Bonds
Chicago Municipal (8%) . $1,500.00
Ford Motor Co. (12%) ..... $ 800.00
Mutual Funds
Land Developers ............. $
Blue Chip ........................ $
INVESTMENT
PRICE
Savings
(5.25%) ............................
13.00
24.25
$_______
AMOUNT
AMOUNT
AMOUNT
________
________
_________
_________
_________
_________
_________
_________
_________
_________
_________
________
________
________
_________
_________
_________
_________
_________
_________
_________
_________
_________
_________
_________
_________
_________
________
________
_________
_________
_________
_________
_________
_________
_________
_________
_________
_________
________
________
_________
_________
_________
_________
_________
_________
_________
_________
________
_________
_________
_________ = _________
_________
SOLD
AMOUNT
44
BOUGHT
BROK
The Total Amount Received Must
Be Reinvested or Saved
RECEIVED
SPENT
OWNED
THE FINANCIAL DIGEST
TNG FLOPS
A spokesman for Texas Natural Gas reported today
that further exploration and testing has shown that
its new oil and gas field in the Gulf of Mexico
contains much smaller reserves than previously
estimated.
No further investment in drilling facilities will be
made in the area at this time.
UNITED AUTO WORKERS
STRIKE ENDS
AFTER ROUND THE CLOCK
NEGOTIATIONS
Name: ____________________________________
The U. S.
agriculture
secretary
left today
for Europe
to revive
stalled
trade talks
GM SETTLES
WITH UAW
General Motors and the
UAW have reached a
tentative agreement.
Workers will receive a 25%
pay increase over the next
three years. See page 16
for other details.
NL Industries
offers $40 a
Merkl Reports New
share for
Gas Facilities On
Lockheed
Schedule
Class: _______________________ Period: ____
My Money
Tenth Month (Option B)
TODAY'S
AMOUNT
Commodities
Gold (Ounce) ................... $ 225.40
Corn (Bushel) .................. $
1.90
_________
_________
_________
_________
Common Stock
General Motors ............... $
Texas Natural Gas ......... $
Merkl Manufacturing ..... $
55.75
42.00
23.25
_________
_________
_________
Bonds
Chicago Municipal (8%) . $1,500.00
Ford Motor Co. (12%) ..... $ 800.00
Mutual Funds
Land Developers ............. $
Blue Chip ........................ $
INVESTMENT
PRICE
Savings
(5.25%) ............................
13.00
24.25
$_______
AMOUNT
AMOUNT
AMOUNT
________
________
_________
_________
_________
_________
_________
_________
_________
_________
_________
________
________
________
_________
_________
_________
_________
_________
_________
_________
_________
_________
_________
_________
_________
_________
________
________
_________
_________
_________
_________
_________
_________
_________
_________
_________
_________
________
________
_________
_________
_________
_________
_________
_________
_________
_________
________
_________
_________
_________ = _________
_________
SOLD
AMOUNT
45
BOUGHT
BROK
The Total Amount Received Must
Be Reinvested or Saved
RECEIVED
SPENT
OWNED
THE FINANCIAL DIGEST
TNG FLIPS
Dollar Up
A spokesman for Texas Natural Gas reported today The U. S. dollar
that further exploration and testing has shown that
has been
its new oil and gas field in the Gulf of Mexico
gaining
contains even larger reserves than previously strength on
estimated.
world monetary
markets in
Further investment in drilling facilities will be recent days.
made in the area at this time.
UNITED AUTO WORKERS
STRIKE ENTERS
FIFTH MONTH
Name: ____________________________________
GM CLOSES
PLANTS
General
Motors
has
announced the closing of
two
assembly
plants
because parts are not
available from several of
its production facilities
affected by the strike.
Interest Rates
Move
Merkl Reports New
Downward
Gas Facilities On
Schedule
Class: _______________________ Period: ____
My Money
Eleventh Month (Option A)
TODAY'S
AMOUNT
SOLD
BOUGHT
BROK
Commodities
Gold (Ounce) ................... $ 226.56
Corn (Bushel) .................. $
2.11
_________
_________
_________
_________
Common Stock
General Motors ............... $
Texas Natural Gas ......... $
Merkl Manufacturing ..... $
57.25
32.25
27.50
_________
_________
_________
Bonds
Chicago Municipal (8%) . $1,450.00
Ford Motor Co. (12%) ..... $ 850.00
Mutual Funds
Land Developers ............. $
Blue Chip ........................ $
INVESTMENT
PRICE
Savings
(5.25%) ............................
12.30
26.50
$_______
AMOUNT
46
AMOUNT
AMOUNT
AMOUNT
________
________
_________
_________
_________
_________
_________
_________
_________
_________
_________
________
________
________
_________
_________
_________
_________
_________
_________
_________
_________
_________
_________
_________
_________
_________
________
________
_________
_________
_________
_________
_________
_________
_________
_________
_________
_________
________
________
_________
_________
_________
_________
_________
_________
_________
_________
________
_________
_________
_________ = _________
_________
The Total Amount Received Must
Be Reinvested or Saved
RECEIVED
SPENT
OWNED
THE FINANCIAL DIGEST
Newspaper
Circulation
Rises
GM SKIPS
DIVIDEND AGAIN
U.S. AND COMMON MARKET
BREAK OFF AG. TRADE
TALKS AMID HEATED
CHARGES
A
General
Motors
Circulation spokesman has announced
that no quarterly dividend
rose 1.4%
during the past will be paid as the
CITY WORKERS FIRED
six months, but company tries to recover
from the UAW strike and
ad revenue
begins
modernizing After citizens voted to cut property taxes by 25%,
dipped.
city officials in Chicago have begun the process of
production facilities.
Blue Chip
laying off teachers, firemen, and police.
Mutual Fund
Merkl Begins
pays a
Many residence see the layoff of these vital workers
Production of
semi-annual
Synthetic Natural as an attempt by the administration to blackmail
dividend of
the city into reinstating property tax cuts.
Gas
$1.00 a share
Name: ____________________________________
Class: _______________________ Period: ____
My Money
Eleventh Month (Option B)
TODAY'S
AMOUNT
SOLD
BOUGHT
BROK
Commodities
Gold (Ounce) ................... $ 223.20
Corn (Bushel) .................. $
2.11
_________
_________
_________
_________
Common Stock
General Motors ............... $
Texas Natural Gas ......... $
Merkl Manufacturing ..... $
52.25
46.50
27.50
_________
_________
_________
Bonds
Chicago Municipal (8%) . $1,600.00
Ford Motor Co. (12%) ..... $ 850.00
Mutual Funds
Land Developers ............. $
Blue Chip ........................ $
INVESTMENT
PRICE
Savings
(5.25%) ............................
13.50
26.50
$_______
AMOUNT
47
AMOUNT
AMOUNT
AMOUNT
________
________
_________
_________
_________
_________
_________
_________
_________
_________
_________
________
________
________
_________
_________
_________
_________
_________
_________
_________
_________
_________
_________
_________
_________
_________
________
________
_________
_________
_________
_________
_________
_________
_________
_________
_________
_________
________
________
_________
_________
_________
_________
_________
_________
_________
_________
________
_________
_________
_________ = _________
_________
The Total Amount Received Must
Be Reinvested or Saved
RECEIVED
SPENT
OWNED
THE FINANCIAL DIGEST
Dollar
Continues
Climb
The value of
the dollar
continues to
climb on
world money
markets.
TNG HITS IT BIG
Texas Natural Gas has
reported that its oil and
gas fields in the Gulf of
Mexico are the largest
finds in U. S. history.
UNITED AUTO WORKERS
STRIKE ENTERS SIXTH
MONTH
VIOLENCE ON PICKET LINES
CITY
MISERY AT MERKL
WORKERS
FIRED
A spokesman has hinted
that they may rival Middle
East reserves.
Tests of the first gas produced
Blue Chip
at Merkl's new facilities have
Chicago has
Mutual Fund
proven to be of poor quality and
pays a semibegun laying off
GM SKIPS
inadequate for home heating.
annual
executives
were teachers, police,
DIVIDEND FOR Merkl
dividend of
and firemen.
unavailable for comment.
2ND QUARTER
$1.00 a share
Name: ____________________________________
Class: _______________________ Period: ____
My Money
Twelfth Month (Option A)
TODAY'S
AMOUNT
AMOUNT
Commodities
Gold (Ounce) ................... $ 227.00
Corn (Bushel) .................. $
2.25
_________
_________
_________
_________
________
________
_________
_________
_________
_________
_________
_________
Common Stock
General Motors ............... $
Texas Natural Gas ......... $
Merkl Manufacturing ..... $
56.00
30.25
30.50
_________
_________
_________
_________
_________
_________
________
________
________
_________
_________
_________
_________
_________
_________
_________
_________
_________
Bonds
Chicago Municipal (8%) . $1,300.00
Ford Motor Co. (12%) ..... $ 875.00
_________
_________
_________
_________
________
________
_________
_________
_________
_________
_________
_________
Mutual Funds
Land Developers ............. $
Blue Chip ........................ $
_________
_________
_________
_________
________
________
_________
_________
_________
_________
_________
_________
_________
_________
________
_________
_________
_________ = _________
_________
INVESTMENT
PRICE
Savings
(5.25%) ............................
12.00
27.25
$_______
SOLD
BOUGHT
BROK
The Total Amount Received Must
Be Reinvested or Saved
AMOUNT
RECEIVED
AMOUNT
48
SPENT
AMOUNT
OWNED
THE FINANCIAL DIGEST
Mergers
Expected
U. S. CHARGES BAD FAITH
BY COMMON MARKET
Public Employee
Unions Meet
Mergers are
A joint meeting of
expected this
officials from the
year among The Secretary of Agriculture left Europe for teachers, police, and
the nation's the United States after trade talks with the firemen's unions is set
major
for next week to
Common Market disintegrated.
airlines.
discuss recent layoffs
in Chicago.
The Secretary continued his charges that the
Chicago
Municipal
Bonds Pay
$40
in Interest
common market nations are deliberately
attempting to keep U. S. agricultural commodities
Ford Motor
out of Europe and threatened trade embargoes if a
Company Bonds Pay
way could not be found to renew negotiations.
Name: ____________________________________
$30 In Interest
Class: _______________________ Period: ____
My Money
Twelfth Month (Option B)
TODAY'S
AMOUNT
Commodities
Gold (Ounce) ................... $ 219.00
Corn (Bushel) .................. $
1.40
_________
_________
_________
_________
Common Stock
General Motors ............... $
48.25
Texas Natural Gas ......... $
55.50
Merkl Manufacturing ..... $
8.00
_________
_________
_________
Bonds
Chicago Municipal (8%) . $1,200.00
Ford Motor Co. (12%) ..... $ 900.00
Mutual Funds
Land Developers ............. $
Blue Chip ........................ $
INVESTMENT
PRICE
Savings
(5.25%) ...........................
15.50
27.00
$_______
AMOUNT
AMOUNT
________
________
_________
_________
_________
_________
_________
_________
_________
_________
_________
________
________
________
_________
_________
_________
_________
_________
_________
_________
_________
_________
_________
_________
_________
_________
________
________
_________
_________
_________
_________
_________
_________
_________
_________
_________
_________
________
________
_________
_________
_________
_________
_________
_________
_________
_________
________
_________
_________
_________ = ________
_________
SOLD
AMOUNT
49
BOUGHT
BROK
The Total Amount Received Must
Be Reinvested or Saved
RECEIVED
SPENT
AMOUNT
OWNED
THE FINANCIAL DIGEST
Mergers
Expected
U. S. CHARGES BAD FAITH
BY COMMON MARKET
Public Employee
Unions Meet
Mergers are
A joint meeting of
expected this
officials from the
year among The Secretary of Agriculture left Europe for teachers, police, and
the nation's the United States after trade talks with the firemen's unions is set
major
for next week to
Common Market disintegrated.
airlines.
discuss recent layoffs
in Chicago.
The Secretary continued his charges that the
Chicago
Municipal
Bonds Pay
$40
in Interest
common market nations are deliberately
attempting to keep U. S. agricultural commodities
Ford Motor
out of Europe and threatened trade embargoes if a
Company Bonds Pay
way could not be found to renew negotiations.
Name: ____________________________________
$30 In Interest
Class: _______________________ Period: ____
My Money
Investment Assessment - True or False
True or False
50
1. Investing involves risk . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
___________
3. Stock represents ownership in a corporation . . . . . . . . . . . . . . . . . . . . . . . . . . .
___________
5. There is a direct relationship between bond prices and interest rates . . . . . .
___________
7. Gold, corn and land are examples of commodities . . . . . . . . . . . . . . . . . . . . . . .
___________
9. Brokerage must be paid when buying or selling securities . . . . . . . . . . . . . . . .
___________
11. A rising market is known as a bear market . . . . . . . . . . . . . . . . . . . . . . . . . . . .
___________
13. A decrease in the value of an investment is a capital loss . . . . . . . . . . . . . . . .
___________
2. A large corn crop will make the price of corn rise . . . . . . . . . . . . . . . . . . . . . . .
___________
4. A declining dollar will cause the price of gold to rise . . . . . . . . . . . . . . . . . . . .
___________
6. Interest and dividends are two way of making money from stock . . . . . . . . . .
___________
8. Losses are not possible with corporate bonds . . . . . . . . . . . . . . . . . . . . . . . . . . .
___________
10. A corporate bond is a loan to a corporation . . . . . . . . . . . . . . . . . . . . . . . . . . . .
___________
12. Corporate bonds represent ownership in a corporation . . . . . . . . . . . . . . . . . . .
___________
14. The current yield on a bond can be higher than the rate of interest the bond
is paying . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
___________
16. Buying mutual funds removes the risk of loosing money . . . . . . . . . . . . . . . . .
___________
18. A mutual fund invests money for other people . . . . . . . . . . . . . . . . . . . . . . . . . .
___________
20. A capital gain means the value of an investment has increased . . . . . . . . . . .
___________
15. Markets fluctuate . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
___________
17. The value of securities is driven by supply and demand . . . . . . . . . . . . . . . . . .
___________
19. A capital loss can be made from stock ownership . . . . . . . . . . . . . . . . . . . . . . .
___________
Name: ____________________________________
Class: _______________________ Period: ____
My Money
Investment Assessment - Math Problems
51
1. Helen Harper purchased 50 shares of stock at $75.50 a share and sold it for
$90.00. The brokerage was .9% + $22. What was her profit? . . . . . . . . . . . . .
$ _________
2. Arnold Schwarz purchased a $1,000 Ford Motor Company bond on January
1, 1976 which pays 7% interest annually. If he keeps the bond 15 years, how
much total interest will he earn? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
$ _________
3. Leland Lamply purchased 20 ounces of gold for $250 an ounce and sold it for
$200 an ounce. The brokerage was .9% + $22. What was his loss? . . . . . . . .
$ _________
4. Penny Patterson owns an impressionist painting for which she paid $25,500
thirty years ago. It has increased in price by 871.4%. What is its current
value? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
$ _________
Name: ____________________________________
Class: _______________________ Period: ____