Introduction Worksheet Answer Key

Lesson 1: Getting Started

  1. Who said, “Financial Education can be compared to a road map to the American Dream. I believe that we need to teach all Americans the necessary tools to read that map, so they can reach the Dream …”
Name:______Paul O’Neill______
Title: ______Former Secretary of the Treasury______
  1. What is the one thing most wealthy people have in common?

Each of them gained a basic knowledge of personal finance (personal money management) when they were young and applied that knowledge to their daily lives.

  1. TimeMAPS is an acronym that stands for:

Time Management for Achieving Personal Success (in life and money)

  1. The [TimeMAPS] software makes learning ______real and personal______by allowing you to ______practice__ ___and apply_____ what you have learned in multiple ways.
  1. List the five (5) ways how TimeMAPS make the learning real and personal for the user?

WS0101WSAK0101Copyright © 2001 - 2012 REMTECH, inc. All rights reserved… Updated: 3/2012

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Introduction Worksheet Answer Key

Lesson 1: Getting Started

  1. Interactive examples and exercises
  2. Self Checks
  3. Interactive terms
  4. Pre/Post Assessments and Lesson Quizzes
  5. Additional Resources, Activities and Projects

WS0101WSAK0101Copyright © 2001 - 2012 REMTECH, inc. All rights reserved… Updated: 3/2012

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Introduction Worksheet Answer Key

Lesson 1: Getting Started

  1. Each of us has the same amount of ______time in a day______.
  1. How do individuals put themselves in the best position to be successful?

Due to the fact that each of us has the same amount of time in a day, those individuals making the most efficient use of the time available to them will be in the best position to be successful.

  1. What is the goal of the TimeMAPS Software?

The goal of the TimeMAPS Software is to teach and illustrate the money management concepts and life skills essential to being successful in life.

  1. TimeMAPS Money Management & Life Skills has ______13___ Themes.
  1. TimeMAPS Money Management & Life Skills has ______54___ Lessons.
  1. Individuals are often introduced to ______advanced___ concepts without knowledge of the ______fundamental____ concepts. This makes it difficult for them to understand how the concept ______works___ and really understand how it ______applies___ to their personal situation.
  1. We highly recommend completing the lessons in the ______first three themes______before moving on to the lessons in the other themes.
  1. Specific text formatting is used to make the lesson text more ______intuitive___ and ______easier to read______.
  2. The words displayed in ______bold black____,, but not underlined, are important and extra time should be taken to make sure you fully understand what is being discussed.
  1. Words displayed in ______bold black____ and ______underlined___ are terms and moving the mouse over them will display the ______definition____ of the term.
  1. What is very important to understand about a financial term in TimeMAPS? Explain in detail.

It is important to understand that a financial term can have significantly different meanings depending on the context in which it is being used. The definitions in this [TimeMAPS] application define each term in the specific context in which it is currently being used. DO NOT ASSUME you already know the meaning of a term simply because you have reviewed it in a previous lesson. Spend the extra second or two it will take to mouse over a term so you can review its definition as it is currently being used.

  1. You will have taken a giant step toward gaining a basic knowledge of ______personal finance____ when you understand the ______terminology____ that is being used.
  1. How many interactive examples are used throughout the software? And, how are they displayed?

There are 80 interactive examples used throughout the software. Examples are displayed in bold green.

  1. How does the design of the Interactive Examples help the user?

Interactive examples are designed clarify and reinforce the concepts presented in the lesson text.

  1. List four (4) things the interactive examples allow and also provide the users to do?
  1. Allows the application of what you have read about in a practical simulation showing how the concept works

2.Provides a brief introduction or overview to the example

3.Provides the “learning” objectives of the example

Allows you to run “what if” situations

  1. How are interactive exercises displayed throughout the software? And, how many are there?

Interactive exercises are displayed in bold blue text. There are 49 interactive exercises used throughout the software.

  1. How are interactive exercises different than interactive examples?

The exercises are interactive and similar to examples, but they are not as tightly structured. They are more sophisticated than examples because you have more freedom to run “what-if” scenarios and will be able to customize the input parameters to fit your personal situation.

  1. Where can you go if you have any questions?
  1. Summarize what you learned in Introduction – Lesson 1: Getting Started:

23.

Instructor

2.Review the internal help within the software

Summarize what you learned in Introduction – Lesson 1: Getting Started:

WS0101WSAK0101Copyright © 2001 - 2012 REMTECH, inc. All rights reserved… Updated: 3/2012

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