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Ch 3: Praxis Business: Personal Finance

About This Chapter

Learn the differences between mutual funds, exchange-traded funds, stocks and bonds with the video lessons in this chapter. Instructors cover these topics and more to prepare you for personal finance questions on the Praxis Business Education subject test.

Praxis Business Education: Personal Finance - Chapter Summary

Lessons in this chapter help you explore various types of investment opportunities and financial institutions, so you can excel on the personal finance portion of the Praxis Business Education exam. Topics of discussion cover:

  • Mutual and exchange-traded funds
  • Stocks and bonds
  • Credit management
  • Savings

Use the engaging video lessons, transcripts and self-assessment quizzes included in this chapter to find out what's covered on the Praxis Business Education exam and pinpoint which topics will require additional study before exam day. You can also use these resources to familiarize yourself with how the test's multiple-choice questions are formatted.

Praxis Business Education: Personal Finance Objectives

If you're an aspiring business teacher, passing scores on the Praxis Business Education exam could be required for subject area licensure in your state of residence. Lessons included in this chapter can help you prepare for the test's 18 or so multiple-choice questions assessing your familiarity with accounting and finance. This content domain will ask you to demonstrate your knowledge of such topics as savings, investments and the risks associated with different forms of financing. You'll also need to be familiar with methods for earning and improving credit and managing personal finances. There are 120 multiple-choice questions total, and the exam takes two hours to complete.

6 Lessons in Chapter 3: Praxis Business: Personal Finance
What is a Savings Account? - Definition & Types

1. What is a Savings Account? - Definition & Types

People use savings accounts to invest their money for short periods of time. They are the most simple, liquid types of short-term investments. Learn about some basic types of savings accounts and then test your knowledge with a quiz.

Investment Opportunities in Mutual Funds and Exchange-Traded Funds

2. Investment Opportunities in Mutual Funds and Exchange-Traded Funds

Investing in the stock market is not limited to individual stocks. Investors can also invest in mutual funds and exchange-traded funds. In this lesson, you'll learn about these opportunities, as well as their advantages and disadvantages.

Investment Opportunities in Stocks and Bonds

3. Investment Opportunities in Stocks and Bonds

Investors often turn to the stock and bond markets when investing their money. Each market offers opportunities and risks for the individual investor. In this lesson, we'll explore the nature of these investments.

Credit & Debt in Personal Finance

4. Credit & Debt in Personal Finance

Credit and debt are the foundation of any form of finance. This lesson highlights the pros and cons of credit and debt as they pertain to personal finance.

Types of Financial Assets: Money, Stocks & Bonds

5. Types of Financial Assets: Money, Stocks & Bonds

For an economy to operate effectively, consumers and businesses need a common medium of exchange and mechanisms to encourage some people to save, others to borrow and others to invest. In any modern economy, these needs are met with money, stocks and bonds.

Institutions of the U.S. Banking System

6. Institutions of the U.S. Banking System

The United States banking system is diverse and consists of many different types of institutions. In this lesson, you'll learn about commercial banks, savings and loan associations, credit unions, and investment banks.

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