jeopardy creditsavinginvesting gov’t misc. q $100 q $200 q $300 q $400 q $500 q $100 q $200 q $300...
TRANSCRIPT
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JeopardyCredit Saving Investing
Gov’t Misc.
Q $100
Q $200
Q $300
Q $400
Q $500
Q $100 Q $100Q $100 Q $100
Q $200 Q $200 Q $200 Q $200
Q $300 Q $300 Q $300 Q $300
Q $400 Q $400 Q $400 Q $400
Q $500 Q $500 Q $500 Q $500
Final Jeopardy
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$100 Question from Credit
The cost of credit expressed in dollars and cents
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$100 Answer from Credit
What is the finance charge?
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$200 Question from Credit
The cost of credit expressed as a yearly percentage
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$200 Answer from Credit
What is the Annual Percentage Rate (APR)?
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$300 Question from Credit
Lines of credit issued by and useable only at a particular store or company
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$300 Answer from Credit
What is a charge account?
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$400 Question from Credit
The size of your capital or your personal wealth
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$400 Answer from Credit
What is your collateral?
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$500 Question from Credit
Paying off debts on time, keeping a record of charges you made, notifying creditors of lost or stolen cards
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$500 Answer from Credit
What are the responsibilities of a borrower?
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$100 Question from Saving
Certificates issued by a company or government in exchange for borrowed money
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$100 Answer from Saving
What are bonds?
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$200 Question from Saving
A time deposit that states the amount of deposit, maturity, and rate of interest being paid
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$200 Answer from Saving
What is a certificate of deposit (CD)?
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$300 Question from Saving
A private retirement account whose interest earned is tax-free forever
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$300 Answer from Saving
What is a Roth IRA?
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$400 Question from Saving
A company plan that provides retirement income for employees
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$400 Answer from Saving
What is a pension plan?
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$500 Question from Saving
A financial institution that is owned and operated by members to provide savings accounts and low interest loans
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$500 Answer from Saving
What is a credit union?
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$100 Question from Investing
increase in value of an asset (stock) from the time it was bought to the time it was sold
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$100 Answer from Investing
What is a capital gain?
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$200 Question from Investing
a person who acts as a go-between for buyers and sellers of stocks and bonds
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$200 Answer from Investing
What is a broker?
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$300 Question from Investing
The largest stock exchange in the world
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$300 Answer from Investing
What is the New York Stock Exchange?
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$400 Question from Investing
investment company that pools the money of many individuals to buy stocks, bonds, and other investments
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$400 Answer from Investing
What is a mutual fund?
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$500 Question from Investing
Stock index that tracks stock prices over time
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$500 Answer from Investing
What is the Dow Jones Industrial Average (DJIA) or the Standard & Poor’s (S&P)
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$100 Question from Gov't
Act that ensures customers are fully informed about the costs and conditions of borrowing
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$100 Answer from Gov't
What is the Truth in Lending Act?
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$200 Question from Gov't
Insures commercial bank accounts for up to $250,000
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$200 Answer from Gov't
What is the Federal Deposit Insurance Corporation (FDIC)?
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$300 Question from Gov't
Regulates stock exchanges, brokerage firms, and most businesses that issue stock.
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$300 Answer from Gov't
What is the Securities and Exchange Commission (SEC)?
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$400 Question from Gov't
Laws restricting the amount of interest that can be charged for credit
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$400 Answer from Gov't
What are usury laws?
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$500 Question from Gov't
1974 law that prohibits discrimination in giving credit on the basis of sex, race, religion, marital status, age, or receipt of public assistance
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$500 Answer from Gov't
What is the Equal Credit Opportunity Act?
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$100 Question from Misc.
Not a line of credit, but allows customers to transfer money electronically from their bank account to stores or restaurants
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$100 Answer from Misc.
What are debit cards?
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$200 Question from Misc.
In credit, the name for the amount of money originally borrowed?
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$200 Answer from Misc.
What is the principal?
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$300 Question from Misc.
A loan guaranteed only by a promise to repay it
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$300 Answer from Misc.
What is an unsecured loan?
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$400 Question from Misc.
A private retirement plan that allows individuals or married couples to defer taxation on the interest they earn on their retirement savings
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$400 Answer from Misc.
What is an Individual Retirement Account (IRA)?
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$500 Question from Misc.
Spreading out your savings in several different types of accounts in order to lower overall risk
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$500 Answer from Misc.
What is diversification?
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Final Jeopardy
Explain why a bank may be more likely to make a first-time borrower a secured loan rather than an unsecured loan.
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Final Jeopardy Answer
A first time borrower has no credit history, so a secured loan would provide the bank with collateral in case the borrower defaults on the loan.