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

$100 Question from Credit

The cost of credit expressed in dollars and cents

$100 Answer from Credit

What is the finance charge?

$200 Question from Credit

The cost of credit expressed as a yearly percentage

$200 Answer from Credit

What is the Annual Percentage Rate (APR)?

$300 Question from Credit

Lines of credit issued by and useable only at a particular store or company

$300 Answer from Credit

What is a charge account?

$400 Question from Credit

The size of your capital or your personal wealth

$400 Answer from Credit

What is your collateral?

$500 Question from Credit

Paying off debts on time, keeping a record of charges you made, notifying creditors of lost or stolen cards

$500 Answer from Credit

What are the responsibilities of a borrower?

$100 Question from Saving

Certificates issued by a company or government in exchange for borrowed money

$100 Answer from Saving

What are bonds?

$200 Question from Saving

A time deposit that states the amount of deposit, maturity, and rate of interest being paid

$200 Answer from Saving

What is a certificate of deposit (CD)?

$300 Question from Saving

A private retirement account whose interest earned is tax-free forever

$300 Answer from Saving

What is a Roth IRA?

$400 Question from Saving

A company plan that provides retirement income for employees

$400 Answer from Saving

What is a pension plan?

$500 Question from Saving

A financial institution that is owned and operated by members to provide savings accounts and low interest loans

$500 Answer from Saving

What is a credit union?

$100 Question from Investing

increase in value of an asset (stock) from the time it was bought to the time it was sold

$100 Answer from Investing

What is a capital gain?

$200 Question from Investing

a person who acts as a go-between for buyers and sellers of stocks and bonds

$200 Answer from Investing

What is a broker?

$300 Question from Investing

The largest stock exchange in the world

$300 Answer from Investing

What is the New York Stock Exchange?

$400 Question from Investing

investment company that pools the money of many individuals to buy stocks, bonds, and other investments

$400 Answer from Investing

What is a mutual fund?

$500 Question from Investing

Stock index that tracks stock prices over time

$500 Answer from Investing

What is the Dow Jones Industrial Average (DJIA) or the Standard & Poor’s (S&P)

$100 Question from Gov't

Act that ensures customers are fully informed about the costs and conditions of borrowing

$100 Answer from Gov't

What is the Truth in Lending Act?

$200 Question from Gov't

Insures commercial bank accounts for up to $250,000

$200 Answer from Gov't

What is the Federal Deposit Insurance Corporation (FDIC)?

$300 Question from Gov't

Regulates stock exchanges, brokerage firms, and most businesses that issue stock.

$300 Answer from Gov't

What is the Securities and Exchange Commission (SEC)?

$400 Question from Gov't

Laws restricting the amount of interest that can be charged for credit

$400 Answer from Gov't

What are usury laws?

$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

$500 Answer from Gov't

What is the Equal Credit Opportunity Act?

$100 Question from Misc.

Not a line of credit, but allows customers to transfer money electronically from their bank account to stores or restaurants

$100 Answer from Misc.

What are debit cards?

$200 Question from Misc.

In credit, the name for the amount of money originally borrowed?

$200 Answer from Misc.

What is the principal?

$300 Question from Misc.

A loan guaranteed only by a promise to repay it

$300 Answer from Misc.

What is an unsecured loan?

$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

$400 Answer from Misc.

What is an Individual Retirement Account (IRA)?

$500 Question from Misc.

Spreading out your savings in several different types of accounts in order to lower overall risk

$500 Answer from Misc.

What is diversification?

Final Jeopardy

Explain why a bank may be more likely to make a first-time borrower a secured loan rather than an unsecured loan.

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.