Have you visited a car dealership with all those new, intriguing, shiny cars? Are you tempted to buy? Showing three toy cars: one economy car, one moderately priced car and one luxury car without mentioning the price of each car, participants will vote for the car they would like to buy. After making their choices, participants will explore the decision-making and thinking skills required to make a “good deal” by analyzing deals criteria—income test, downpayment option, the time option, and the interest rate of different car deals. Collateral, credit, contracts, loans, liens, principal, and net income are all parts of the car deal venue for teaching personal finance. Access to a complete ready-to-use FREE pdf lesson and alternate online version provided.
Presented by Jeannette Bennett. Jeannette Bennett is a Senior Economic Education Specialist for the Federal Reserve Bank of St. Louis and is based in Memphis. She is a national award winner for the teaching of economics and was designated as a Master Economics Teacher. With experience in many levels of education, she has served as a teacher, school administrator, adjunct professor, and curriculum consultant and designer. She has written curriculum for various organizations before beginning her career at the Federal Reserve in 2004. As Senior Economic Education Specialist, she continues to write, design, develop and present economic and personal finance curriculum and resources in workshops and conferences throughout the region and across the nation. She has authored and co-authored numerous curricula and was presented a national award in 2022 by the National Association of Economic Education for her service in education. Bennett has degrees in education, educational leadership, curriculum, and administration.
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