Finance

High school (ages 12+)
People & Society

Name:

Date:

Step 1 · Read the article

Open the article and read it at the level above. Then answer the questions below in your own words.

https://smallwhale.org/articles/finance

Write what each word means, using the article.

Do not copy the article. Write two things you learned, the way you would explain them to a friend.

Answers below are taken from the article’s stored facts, so they match what the student read.

1. What is the scope of finance?Encompasses personal, corporate, and public finance
2. What is the key financial instruments?Currencies, loans, bonds, shares, stocks, options, and futures
3. Why is finance important for businesses?Businesses use finance to raise money, invest in new projects, and keep track of risks, so they can grow and create jobs.
4. What are the three main branches of finance?Personal finance helps people manage their own money, corporate finance helps companies raise money and invest, and public finance helps governments collect money and spend it on services.

Financial Instruments: Contracts representing monetary value, used for trading and investment.
Assets: Resources with economic value that can be converted into cash.
Liabilities: Obligations or debts that a person or company owes.