FBLA

Principles of Money (20 test items)

1. Explain forms of financial exchange (cash, credit, debit, electronic funds transfer, etc.)

(FI:058) (PQ)

2. Identify types of currency (paper money, coins, banknotes, government bonds,

treasury notes, etc.) (FI:059) (PQ)

3. Describe functions of money (medium of exchange, unit of measure, store of value)

(FI:060) (PQ)

4. Describe sources of income and compensation (FI:061) (CS)

5. Explain the time value of money (FI:062) (CS)

6. Explain the purposes and importance of credit (FI:002, LAP-FI-002) (CS)

7. Explain legal responsibilities associated with consumer financial products and services

(FI:063) (CS)

Financial Needs and Goals (15 test items)

1. Explain the need to save and invest (FI:270) (CS)

2. Set financial goals (FI:065) (CS)

3. Develop personal budget (FI:066) (CS)

4. Determine personal net worth (FI:562) (CS)

5. Describe the nature of budgets (FI:106, LAP-FI-106) (SP)

Financial-Services Providers (5 test items)

1. Describe types of financial-services providers (FI:075) (CS)

2. Discuss considerations in selecting a financial-services provider (FI:076) (CS)

Investment Strategies (5 test items)

1. Explain types of investments (FI:077, LAP-FI-077) (CS)

2. Explain factors to consider when selecting investments (FI:279) (SP)

Financial Literacy (50 test items)

1. Explain the nature of tax liabilities (FI:067) (PQ)

2. Interpret a pay stub (FI:068) (PQ)

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Personal Finance

3. Write checks (FI:560) (PQ)

4. Maintain financial records (FI:069) (PQ)

5. Balance a bank account (FI:070) (PQ)

6. Explain the nature of charitable giving (FI:567) (PQ)

7. Manage online accounts (FI:830) (CS)

8. Calculate the cost of credit (FI:782) (CS)

9. Demonstrate the wise use of credit (FI:071) (CS)

10. Validate credit history (FI:072) (CS)

11. Make responsible financial decisions (FI:783) (CS)

12. Protect against identity theft (FI:073) (CS)

13. Pay bills (FI:565) (CS)

14. Apply for a consumer loan (FI:625) (SP)

15. Control debt (FI:568) (CS)

16. Prepare personal income tax forms (FI:074) (CS)

17. Discuss options for financing a college education (FI:831) (CS)

18. Discuss the nature of retirement planning (FI:569) (CS)

19. Explain the nature of estate planning (FI:572) (CS)

Risk Management (5 test items)

1. Describe the concept of insurance (FI:081) (CS)

2. Determine insurance needs (FI:571) (SP)