About This Chapter
CSET Business - Personal Finance: Chapter Summary
To succeed on the California Subject Examinations for Teachers (CSET) Business Subtest II, you'll need to be familiar with principles and procedures for managing personal finances. This includes knowing how to budget and save and understanding the importance of investing and planning for retirement. Our chapter on personal finance can provide a refresher on these topics and several others. Video lessons included in this chapter cover the following:
- Personal budgeting
- Personal banking
- Saving, investing and retirement planning
- Consumer credit and debt management
- Personal income taxes
- Investment products
- Factors affecting income from work
This chapter on personal finance includes video lessons and self-assessment quizzes that can help you prepare for the CSET Business Subtest II. The quizzes are designed as a way to gauge your personal finance knowledge before watching the videos, but taking them again after viewing the lessons is recommended to make sure you've fully absorbed the information that's been presented.
CSET Business - Personal Finance Objectives
Passing the CSET Business Single Subject Exam is part of the certification process for prospective secondary school business teachers in California. This exam is divided into three parts, including the CSET Business Subtest II, which measures your proficiency in accounting, finance and economics. Questions on accounting and finance account for 25 of the subtest's 40 multiple-choice questions. You also must answer one constructed-response question, which should take no longer than 15 minutes to complete.
1. 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.
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.
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.
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Other chapters within the CSET Business Subtest II (176): Practice & Study Guide course
- CSET Business - Accounting Principles
- CSET Business - Principles of Finance
- CSET Business - Economic Concepts
- CSET Business - Microeconomics
- CSET Business - Macroeconomics: General Concepts
- CSET Business - Macroeconomics: Unemployment & Inflation
- CSET Business - Macroeconomics: Money, Federal Reserve System & Banking
- CSET Business - Macroeconomics: Fiscal and Monetary Policy
- CSET Business - International Economics
- CSET Business Subtest 2 Flashcards