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Ch 18: MTTC: Personal Finance

About This Chapter

Review your knowledge of personal finance. Our video lessons help you prepare for these types of questions on the MTTC Business, Management, Marketing and Technology test.

MTTC: Personal Finance - Chapter Summary

The lessons in this chapter take you through the various concepts and key terms of personal finance. Topics explored in these lessons include:

  • Differentiating between customers, consumers and consumerism
  • Identifying five major consumer rights
  • Defining types of financial investments
  • Investing opportunities in mutual funds, exchange-traded funds, stocks and bonds
  • Understanding investment performance in stocks, preferred stock and bonds
  • Examining loan types
  • Calculating loan payments
  • Solving interest and compound interest problems
  • Identifying credit terms
  • Comparing deferred payment and cash price
  • Defining the effective annual rate

Our instructors provide compelling lessons using a conversational tone and engaging visuals to make studying fun. You can watch each video as often as you'd like to make sure you have all of the lesson materials down pat. Take the lesson quizzes to check your mastery of the personal finance content covered by the instructors.

MTTC: Personal Finance Chapter Objectives

The state of Michigan uses the MTTC Business, Management, Marketing and Technology test to assess an entry-level teacher's knowledge and skills in these subject areas. The test consists of 100 multiple-choice questions and is administered in a paper-based format. Test takers have 4 and 1/2 hours to complete the test.

Test questions are divided evenly among four subareas - business, management, marketing and technology. Personal finance concepts fall under the management subarea. Our video lessons, along with a multiple-choice chapter exam, offer an effective way to study this content for your test.

15 Lessons in Chapter 18: MTTC: Personal Finance
Test your knowledge with a 30-question chapter practice test
Differences Between Customers, Consumers & Consumerism

1. Differences Between Customers, Consumers & Consumerism

In this lesson, you will learn the difference between customers and consumers. In addition, the idea of consumerism will be discussed through the explanation of consumer advocacy groups and regulation.

Five Major Consumer Rights

2. Five Major Consumer Rights

Consumers should expect safe products and ethical behavior from businesses. While there is not any official regulation, President Kennedy introduced four of the five major consumer rights: safety, information, choice, voice and redress.

What is a Financial Investment? - Definition, Types & Examples

3. What is a Financial Investment? - Definition, Types & Examples

Learn about the basics of financial investments and some of the key terminology that is important to understand. Find out about some of the most common types of financial investments and the unique attributes of each.

Investment Opportunities in Mutual Funds and Exchange-Traded Funds

4. 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

5. 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.

Stocks: Understanding Investment Performance

6. Stocks: Understanding Investment Performance

Many large companies around the world are owned by the public in the form of stocks. Watch this video lesson to learn how stockholders earn money when the company does well.

Preferred Stock: Understanding Investment Performance

7. Preferred Stock: Understanding Investment Performance

After watching this video lesson, you will understand the differences between preferred stocks and regular stocks. You'll also learn how to calculate your dividends and earnings on your stocks when you sell them.

Bonds: Understanding Investment Performance

8. Bonds: Understanding Investment Performance

In this video lesson, you will learn how to calculate the worth of a bond over time. Learn how interest payments are calculated. See just how much money can be earned from keeping a bond over time.

What is a Loan? - Definition, Types, Advantages & Disadvantages

9. What is a Loan? - Definition, Types, Advantages & Disadvantages

Learn what a loan is and some of the most common types of loans that people get. Find out which loans are best for different situations and some of the advantages and disadvantages of getting a loan.

Calculating Monthly Loan Payments

10. Calculating Monthly Loan Payments

Watch this video lesson and learn how you can calculate your monthly payment when you are thinking of purchasing a car. Okay, you can also use this formula whenever you are getting a loan!

How to Solve Interest Problems: Steps & Examples

11. How to Solve Interest Problems: Steps & Examples

If you want to know how your money can earn money, then it's essential to learn about solving interest problems. In this lesson, we'll practice calculating interest amounts and interest rates.

Compounding Interest Formulas: Calculations & Examples

12. Compounding Interest Formulas: Calculations & Examples

Compound interest is a great way to have your money work for you. In this lesson, find out the formula for calculating compound interest and practice using the formula with several examples.

Credit Terms: Due Date, Invoice Date & EOM

13. Credit Terms: Due Date, Invoice Date & EOM

After watching this video lesson, you will understand some of the key terms that companies use on the invoices that they send to you. Learn how to pay your invoices according to these terms so you aren't late.

Deferred Payment vs. Cash Price: Calculation & Interest

14. Deferred Payment vs. Cash Price: Calculation & Interest

Watch this video lesson to learn the difference between paying cash up front for an item versus making payments at a later time for an item. Watch and see how you may end up paying more for an item if you pay later.

Effective Annual Rate: Formula & Calculations

15. Effective Annual Rate: Formula & Calculations

After watching this video lesson, you will understand how the interest rate that financial institutions, such as credit card companies, give you work. Also, learn how this interest rate may be different than the one you actually end up with.

Chapter Practice Exam
Test your knowledge of this chapter with a 30 question practice chapter exam.
Not Taken
Practice Final Exam
Test your knowledge of the entire course with a 50 question practice final exam.
Not Taken

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