I have the answer, now… Tell me the Question

1

I have the answer, now…

Tell me the Question

LifeSmarts: Finance

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Financial Institutions Credit Insurance Working My Money

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Financial Institutions: 1 point

This corporation insures your bank account

What is the Federal Deposit Insurance Corporation, FDIC?

4

Financial Institutions: 2 points

This financial institution is non-profit and member owned

What is a credit union?

5

Financial Institutions: 3 points

These individuals own most commercial banks

What are stockholders?

6

Financial Institutions: 4 points

This financial institution specializes in mortgages and savings deposits

What is a savings and loan or thrift?

7

Financial Institutions: 5 points

This bank has no tellers or branches

What is a cyber bank?

8

Credit: 1 point

Plastic that allows you to buy items and pay the debt at a later time

What is a credit card?

9

Credit: 2 points

The date your credit card payment is due to the creditor

What is a due date?

10

Credit: 3 points

Anyone to whom you owe money

What is a creditor?

11

Credit: 4 points

A credit card allows you to make charges up to this amount

What is a credit limit?

12

Credit: 5 points

After graduation, a Stafford Student Loan allows this six month period before payments begin

What is a grace period?

13

Insurance: 1 point

A person who sells insurance policies

Who is an agent, insurance agent?

14

Insurance: 2 points

A document that states the terms of your insurance contract

What is a policy?

15

Insurance: 3 points

Regular payments you make to own an insurance policy

What are premiums?

16

Insurance: 4 points

The first step in filing a claim for a fender bender

What is contacting your insurance agent?

17

Insurance: 5 points

You pay the first $500 for car repairs following an accident

What is a deductible?

18

Working: 1 point

Overtime pay is required after this many hours of work in a workweek

What are 40 hours?

19

Working: 2 points

Your earnings include this type of compensation that is 10 percent of the value of each sale

What is a commission?

20

Working: 3 points

Any item deducted from gross pay

What are deductions?

21

Working: 4 points

The minimum age to work in most retail establishments

What is 14?

22

Working: 5 points

Under federal child labor laws, teenagers may work for any number of hours, after you reach this age

What is 16?

23

My Money: 1 point

Another name for a check card

What is a debit card?

24

My Money: 2 points

A person, other than the principal borrower, who signs for a loan and assumes equal liability

What is a cosigner?

25

My Money: 3 points

You pay for dry cleaning, groceries, and tennis shoes; only one is a service

What is dry cleaning?

26

My Money: 4 points

To avoid ATM fees this is the best strategy

What is using your bank’s ATMs?

27

My Money: 5 points

Regular payments that don’t vary in amount

What are fixed expenses?

28

Daily Double!

As a team, decide how many of the points you already have you wish to wager. If you get the question correct, you will earn double the points you wagered.

If you get the question incorrect, you will lose the points you wagered. Good luck!

29

Daily Double!

As a team, decide how many of the points you already have you wish to wager. If you get the question correct, you will earn double the points you wagered.

If you get the question incorrect, you will lose the points you wagered. Good luck!