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100 100 200 300 400 500 100 100 100 200 200 200 200 300 300 300 300 400 400 400 400 500 500 500 500 100 100 100 Banking and Credit Miscellane ous Financial Planning Basics Compound Interest Cash Flow and Taxes Personal Finance Mid-Term Review Game
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100 200 300 400 500 100 200 300 400 500 100 Banking and Credit Miscellaneous Financial Planning Basics Compound Interest Cash Flow and Taxes Personal Finance.

Jan 03, 2016

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Page 1: 100 200 300 400 500 100 200 300 400 500 100 Banking and Credit Miscellaneous Financial Planning Basics Compound Interest Cash Flow and Taxes Personal Finance.

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Banking and Credit

MiscellaneousFinancial Planning Basics

Compound Interest

Cash Flow and Taxes

Personal Finance Mid-Term Review Game

Page 2: 100 200 300 400 500 100 200 300 400 500 100 Banking and Credit Miscellaneous Financial Planning Basics Compound Interest Cash Flow and Taxes Personal Finance.

The Answer is:

Fundamental beliefs about what is important that serve as a base for financial goals.

Page 3: 100 200 300 400 500 100 200 300 400 500 100 Banking and Credit Miscellaneous Financial Planning Basics Compound Interest Cash Flow and Taxes Personal Finance.

The Question is:

What are values?

Page 4: 100 200 300 400 500 100 200 300 400 500 100 Banking and Credit Miscellaneous Financial Planning Basics Compound Interest Cash Flow and Taxes Personal Finance.

The Answer is:

Phrase used to indicate that money is saved as soon as it is earned, before you get a chance to spend it.

Page 5: 100 200 300 400 500 100 200 300 400 500 100 Banking and Credit Miscellaneous Financial Planning Basics Compound Interest Cash Flow and Taxes Personal Finance.

The Question is:

What is “pay yourself first”?

Page 6: 100 200 300 400 500 100 200 300 400 500 100 Banking and Credit Miscellaneous Financial Planning Basics Compound Interest Cash Flow and Taxes Personal Finance.

The Answer is:

A financial statement used to assess a person’s financial well-being.

Page 7: 100 200 300 400 500 100 200 300 400 500 100 Banking and Credit Miscellaneous Financial Planning Basics Compound Interest Cash Flow and Taxes Personal Finance.

The Question is:

What are net worth (balance sheet) or cash flow (income and expense) statements?

Page 8: 100 200 300 400 500 100 200 300 400 500 100 Banking and Credit Miscellaneous Financial Planning Basics Compound Interest Cash Flow and Taxes Personal Finance.

The Answer is:

Minimum number of months of expenses recommended to be set aside for emergencies.

Page 9: 100 200 300 400 500 100 200 300 400 500 100 Banking and Credit Miscellaneous Financial Planning Basics Compound Interest Cash Flow and Taxes Personal Finance.

The Question is:

What is three months?

Page 10: 100 200 300 400 500 100 200 300 400 500 100 Banking and Credit Miscellaneous Financial Planning Basics Compound Interest Cash Flow and Taxes Personal Finance.

The Answer is:

The next best alternative that someone could have chosen to spend, save, or invest their money.

Page 11: 100 200 300 400 500 100 200 300 400 500 100 Banking and Credit Miscellaneous Financial Planning Basics Compound Interest Cash Flow and Taxes Personal Finance.

The Question is:

What is opportunity cost?

Page 12: 100 200 300 400 500 100 200 300 400 500 100 Banking and Credit Miscellaneous Financial Planning Basics Compound Interest Cash Flow and Taxes Personal Finance.

The Answer is:

Financial principle that tells how long it will take to double a sum of money at a certain interest rate.

Page 13: 100 200 300 400 500 100 200 300 400 500 100 Banking and Credit Miscellaneous Financial Planning Basics Compound Interest Cash Flow and Taxes Personal Finance.

The Question is:

What is the “Rule of 72”?

Page 14: 100 200 300 400 500 100 200 300 400 500 100 Banking and Credit Miscellaneous Financial Planning Basics Compound Interest Cash Flow and Taxes Personal Finance.

The Answer is:

One of three ways to calculate the time value of money.

Page 15: 100 200 300 400 500 100 200 300 400 500 100 Banking and Credit Miscellaneous Financial Planning Basics Compound Interest Cash Flow and Taxes Personal Finance.

The Question is:

What are:

Using charts in the book appendix, financial calculators, and mathematical formulas?

Page 16: 100 200 300 400 500 100 200 300 400 500 100 Banking and Credit Miscellaneous Financial Planning Basics Compound Interest Cash Flow and Taxes Personal Finance.

The Answer is:

A series of equal payments or deposits.

Page 17: 100 200 300 400 500 100 200 300 400 500 100 Banking and Credit Miscellaneous Financial Planning Basics Compound Interest Cash Flow and Taxes Personal Finance.

The Question is:

What is an annuity?

Page 18: 100 200 300 400 500 100 200 300 400 500 100 Banking and Credit Miscellaneous Financial Planning Basics Compound Interest Cash Flow and Taxes Personal Finance.

The Answer is:

Interest rate required to double a sum of money in 9 years.

Page 19: 100 200 300 400 500 100 200 300 400 500 100 Banking and Credit Miscellaneous Financial Planning Basics Compound Interest Cash Flow and Taxes Personal Finance.

The Question is:

What is 8%?

Page 20: 100 200 300 400 500 100 200 300 400 500 100 Banking and Credit Miscellaneous Financial Planning Basics Compound Interest Cash Flow and Taxes Personal Finance.

The Answer is:

Today’s value of an amount to be received at a future date.

Page 21: 100 200 300 400 500 100 200 300 400 500 100 Banking and Credit Miscellaneous Financial Planning Basics Compound Interest Cash Flow and Taxes Personal Finance.

The Question is:

What is present value?

Page 22: 100 200 300 400 500 100 200 300 400 500 100 Banking and Credit Miscellaneous Financial Planning Basics Compound Interest Cash Flow and Taxes Personal Finance.

The Answer is:

Type of income earned on investments for which taxes are not owed until a future date.

Page 23: 100 200 300 400 500 100 200 300 400 500 100 Banking and Credit Miscellaneous Financial Planning Basics Compound Interest Cash Flow and Taxes Personal Finance.

The Question is:

What is tax-deferred income?

Page 24: 100 200 300 400 500 100 200 300 400 500 100 Banking and Credit Miscellaneous Financial Planning Basics Compound Interest Cash Flow and Taxes Personal Finance.

The Answer is:

Tax rate at which your last dollar of income is taxed.

Page 25: 100 200 300 400 500 100 200 300 400 500 100 Banking and Credit Miscellaneous Financial Planning Basics Compound Interest Cash Flow and Taxes Personal Finance.

The Question is:

What is a marginal tax rate (bracket)?

Page 26: 100 200 300 400 500 100 200 300 400 500 100 Banking and Credit Miscellaneous Financial Planning Basics Compound Interest Cash Flow and Taxes Personal Finance.

The Answer is:

Income remaining after taxes and other payroll withholding deductions are deducted.

Page 27: 100 200 300 400 500 100 200 300 400 500 100 Banking and Credit Miscellaneous Financial Planning Basics Compound Interest Cash Flow and Taxes Personal Finance.

The Question is:

What is disposable income?

Page 28: 100 200 300 400 500 100 200 300 400 500 100 Banking and Credit Miscellaneous Financial Planning Basics Compound Interest Cash Flow and Taxes Personal Finance.

The Answer is:

A dollar-for-dollar subtraction from tax liability for expenses such as child care and raising a family.

Page 29: 100 200 300 400 500 100 200 300 400 500 100 Banking and Credit Miscellaneous Financial Planning Basics Compound Interest Cash Flow and Taxes Personal Finance.

The Question is:

What is a tax credit?

Page 30: 100 200 300 400 500 100 200 300 400 500 100 Banking and Credit Miscellaneous Financial Planning Basics Compound Interest Cash Flow and Taxes Personal Finance.

The Answer is:

Type of tax that takes a smaller percentage of a person’s income as income rises.

Page 31: 100 200 300 400 500 100 200 300 400 500 100 Banking and Credit Miscellaneous Financial Planning Basics Compound Interest Cash Flow and Taxes Personal Finance.

The Question is:

What is a regressive tax?

Page 32: 100 200 300 400 500 100 200 300 400 500 100 Banking and Credit Miscellaneous Financial Planning Basics Compound Interest Cash Flow and Taxes Personal Finance.

The Answer is:

Example of a depository institution used to hold cash assets.

Page 33: 100 200 300 400 500 100 200 300 400 500 100 Banking and Credit Miscellaneous Financial Planning Basics Compound Interest Cash Flow and Taxes Personal Finance.

The Question is:

What is a commercial bank, savings and loan, or credit union?

Page 34: 100 200 300 400 500 100 200 300 400 500 100 Banking and Credit Miscellaneous Financial Planning Basics Compound Interest Cash Flow and Taxes Personal Finance.

The Answer is:

Type of credit where borrower repays the amount owed in equal, usually monthly, payments.

Page 35: 100 200 300 400 500 100 200 300 400 500 100 Banking and Credit Miscellaneous Financial Planning Basics Compound Interest Cash Flow and Taxes Personal Finance.

The Question is:

What is installment credit?

Page 36: 100 200 300 400 500 100 200 300 400 500 100 Banking and Credit Miscellaneous Financial Planning Basics Compound Interest Cash Flow and Taxes Personal Finance.

The Answer is:

Figure used to compare earnings on bank accounts based on interest received on a $100 deposit for a 365 day period.

Page 37: 100 200 300 400 500 100 200 300 400 500 100 Banking and Credit Miscellaneous Financial Planning Basics Compound Interest Cash Flow and Taxes Personal Finance.

The Question is:

What is the annual percentage yield (APY)?

Page 38: 100 200 300 400 500 100 200 300 400 500 100 Banking and Credit Miscellaneous Financial Planning Basics Compound Interest Cash Flow and Taxes Personal Finance.

The Answer is:

The total cost of credit on an annual basis.

Page 39: 100 200 300 400 500 100 200 300 400 500 100 Banking and Credit Miscellaneous Financial Planning Basics Compound Interest Cash Flow and Taxes Personal Finance.

The Question is:

What is the annual percentage rate (APR)?

Page 40: 100 200 300 400 500 100 200 300 400 500 100 Banking and Credit Miscellaneous Financial Planning Basics Compound Interest Cash Flow and Taxes Personal Finance.

The Answer is:

Type of credit card backed by a savings account opened with the financial institution that issues the card.

Page 41: 100 200 300 400 500 100 200 300 400 500 100 Banking and Credit Miscellaneous Financial Planning Basics Compound Interest Cash Flow and Taxes Personal Finance.

The Question is:

What is a secured credit card?

Page 42: 100 200 300 400 500 100 200 300 400 500 100 Banking and Credit Miscellaneous Financial Planning Basics Compound Interest Cash Flow and Taxes Personal Finance.

The Answer is:

One of three ways to calculate time value of money problems.

Page 43: 100 200 300 400 500 100 200 300 400 500 100 Banking and Credit Miscellaneous Financial Planning Basics Compound Interest Cash Flow and Taxes Personal Finance.

The Question is:

What are mathematical formulas, financial calculators, and interest factor tables.

Page 44: 100 200 300 400 500 100 200 300 400 500 100 Banking and Credit Miscellaneous Financial Planning Basics Compound Interest Cash Flow and Taxes Personal Finance.

The Answer is:

A recommended strategy to reduce the risk of becoming an identity theft victim.

Page 45: 100 200 300 400 500 100 200 300 400 500 100 Banking and Credit Miscellaneous Financial Planning Basics Compound Interest Cash Flow and Taxes Personal Finance.

The Question is:

What are checking credit reports, securing incoming/outgoing mail, shredding documents, not divulging information to callers, etc.

Page 46: 100 200 300 400 500 100 200 300 400 500 100 Banking and Credit Miscellaneous Financial Planning Basics Compound Interest Cash Flow and Taxes Personal Finance.

The Answer is:

Name for the practice of sending e-mail links to fraudulent Web sites in order to trick people into divulging personal information.

Page 47: 100 200 300 400 500 100 200 300 400 500 100 Banking and Credit Miscellaneous Financial Planning Basics Compound Interest Cash Flow and Taxes Personal Finance.

The Question is:

What is phishing?

Page 48: 100 200 300 400 500 100 200 300 400 500 100 Banking and Credit Miscellaneous Financial Planning Basics Compound Interest Cash Flow and Taxes Personal Finance.

The Answer is:

One important thing that Roy Miller, a.k.a., the Wealthy Barber, taught his students.

Page 49: 100 200 300 400 500 100 200 300 400 500 100 Banking and Credit Miscellaneous Financial Planning Basics Compound Interest Cash Flow and Taxes Personal Finance.

The Question is:

What is “pay yourself first,” the magic of compound interest, PITA factor investments, invest 10% of earnings for long-term growth, etc.?

Page 50: 100 200 300 400 500 100 200 300 400 500 100 Banking and Credit Miscellaneous Financial Planning Basics Compound Interest Cash Flow and Taxes Personal Finance.

The Answer is:

Something learned from doing the PowerPay assignment.

Page 51: 100 200 300 400 500 100 200 300 400 500 100 Banking and Credit Miscellaneous Financial Planning Basics Compound Interest Cash Flow and Taxes Personal Finance.

The Question is:

What is the time and interest savings from PowerPay, the high cost of interest on loans and credit cards, the impact of sequencing of debt repayment?


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