VWO 3 - Business Plan and/or Review for Testweek

• Economie
• Middelbare school
• vwo
• Leerjaar 3

Plan

1) Business Plan (finalise last tasks)

2) Review for test week: 

Spending, Saving and Borrowing + Balances

What are you going to do with your group?

1. Finalise business plan
2. Review alone with practice test + material
3. Practice with teacher

Expectations

1) Talking is fine - but quiet enough for others to focus.

2) If you need help, ask now.

3) Take practice test back and use it to study.

4) Use practice sheet on Google Classroom to study for test.

5) If you work with me, sit in front.

6) Feedback on your business plan is in the shared file.

De Jong: at Barca vs Ajax

1) What things influence spending, saving and borrowing?

2) Which of these will change when De Jong moves to Barca?

(income of €300,000 a week! now €1,000,000 a year)

3) Explain what you expect will happen.

De Jong: at Barca vs Ajax

Assume today he owns a house worth €300,000 as well as 5 cars worth €30,000 on average and has €500,000 on his bank account. He has no loans.

Draw his balance sheet!

Where does money loaned out go?

1. Debit
2. Credit
3. Debbit
4. Creddit

Where does borrowed money go?

1. Debit
2. Credit
3. Debbit
4. Creddit

What happens to your own wealth when you loan out money from cash?

1. Goes up
2. Goes down
3. Stays the same
4. You cannot tell

What happens to your own wealth when you borrow money in cash?

1. Goes up
2. Goes down
3. Stays the same
4. You cannot tell

What happens to your own wealth if you get interest from the bank?

1. Goes up
2. Goes down
3. Stays the same
4. You cannot tell

How much does own wealth change if you save €1,000 for 5 years with 1% simple interest.

1. €5
2. €50
3. €51.01
4. €1,051.01

How much will you have if you save €1,000 for 5 years with 1% compound interest.

1. €5
2. €50
3. €51.01
4. €1,051.01

When Frenkie gets his weekly income, you can see this in:

1. "bank account"
2. "own wealth"
3. "total"
4. All of the above

When Frenkie buys a new car, you see a change in...

1. "bank account"
2. "own wealth"
3. both
4. neither

Task

1) Draw a balance for a famous person.

2) Write up 5 sentences in which each time one economic action happens (getting income, spending, saving, or borrowing).

3) Swap your task with another, complete a new balance for after every action.

4) Check together - BE CRITICAL AND PRECISE!!!!