jeopardy - everfi high school

8/18/2019 Jeopardy - EverFi High School

1/26

Saving &Investing

Banking &Consumer

FraudCredit Cards &Credit Score

FinancingHigher

Education

Taxes,Insurance &

Buying a Home

10 10 10 10 10

0 0 0 0 0

!0 !0 !0 !0 !0

"0 "0 "0 "0 "0

#0 #0 #0 #0 #0


2/26

S$%I ' $ ( I %ESTI ' ) 10

Compound interest is…

a. the amount earned or owed on principalamountb. when interest is added to the principal

amount so that the interest earns interestc. multiple late fees


3/26

S$%I ' $ ( I %ESTI ' ) 0

Examples of savings vehicles include…

a. simple savings accounts and CDsb. credit reports and stocksc. simple savings accounts and car loans


4/26

S$%I ' $ ( I %ESTI ' ) !0

What do IR s! Roth IR s! "#$%k&s and"#$%b&'s all have in common(

a. ll are combination codes on bank vaultsb. ll are long)term savings plans for

retirementc. ll are checking accounts that *ou sign

up for at a local bank


5/26

S$%I ' $ ( I %ESTI ' ) "0

What is a mutual fund(

a. loan an investor makes to a compan* orgovernment that pa*s interest over time.

b. share of ownership in a localgovernment.

c. collection of investments sold as apackage.


6/26

S$%I ' $ ( I %ESTI ' ) #0

Diversification is important in investingbecause…

a. It helps *ou to balance *our risk acrossdifferent t*pes of investments.

b. It increases *our overall risk! which couldmake *ou more mone*.

c. It ensures that *ou onl* make low)riskinvestments.


7/26

B$ *I ' $ ( C+ S -E. F.$ ( ) 10

+he ,.-. banking s*stem! called the ederalReserve! includes the Reserve /anks! the

ederal 0pen 1arket Committee! and 222222222.

a. +he /oard of 3overnorsb. Congressc. +he ,.-. 1int


8/26

B$ *I ' $ ( C+ S -E. F.$ ( ) 0

What t*pe of bank account offers the mostflexible access to *our mone* with thefewest restrictions(

a. Certificate of Depositsb. -avingsc. Checking


9/26

B$ *I ' $ ( C+ S -E. F.$ ( ) !0

+he numbers listed at the bottom of a checkare the 22222222 number and the

22222222 number.

a. Routing! accountb. Check! pinc. Routing ! legal tender


10/26

B$ *I ' $ ( C+ S -E. F.$ ( ) "0

What ,.-. government agenc* protectsconsumers against false advertising andunfair business practices(

a. ederal +rade Commissionb. Central Intelligence genc*c. Department of 4omeland -ecurit*


11/26

B$ *I ' $ ( C+ S -E. F.$ ( ) #0

What t*pe of bank is run b* its members(

a. utomated +eller 1achineb. Credit ,nionc. Commercial /ank


12/26

C.E(IT C$.(S $ ( C.E(IT SC+.E ) 10

Credit card minimum pa*ments are usuall*around 222 of the total balance.

a. 5#)6#7b. 5)67

c. $##)$8#7


13/26

C.E(IT C$.(S $ ( C.E(IT SC+.E ) 0

+he annual percentage rate on a credit carddetermines 2222222.

a. +he amount of interest *ou are chargedon credit card purchases

b. +he amount *our credit limit can go upwithin a *ear

c. 4ow man* credit cards that *ou can own


14/26

C.E(IT C$.(S $ ( C.E(IT SC+.E ) !0

4ow man* free credit reports are *ou legall*entitled to per *ear from each credit bureau(

a. 0ne credit report from each credit bureaub. +wo credit reports from each credit

bureauc. ,nlimited amount


15/26

C.E(IT C$.(S $ ( C.E(IT SC+.E ) "0

What is the numerical range for creditscores from the three ma9or reportingagencies(

a. rom one to tenb. rom 8## to $!###c. rom 6## to :8#


16/26

C.E(IT C$.(S $ ( C.E(IT SC+.E ) #0

What are the two biggest influences on *ourcredit score(

a. ;our - + score and *our grade pointaverage

b. +he number of credit cards and numberof bank accounts *ou have

c.


17/26

FI $ CI ' HI'HE. E( C$TI+ ) 10

Which of the following is likel* to have thelowest interest rate(

a.


18/26

FI $ CI ' HI'HE. E( C$TI+ ) 0

+he application for federal student financialaid is called…

a. >ational /orrowing and =oan


19/26

FI $ CI ' HI'HE. E( C$TI+ ) !0

When referring to student loans! what is a graceperiod(

a. +he time period that *our librar* late fees affect*our credit score

b. +he time period after graduating high school andbefore starting college

c. +he period after graduating or leaving schoolbefore *ou much begin pa*ing back student loans


20/26


21/26

FI $ CI ' HI'HE. E( C$TI+ ) #0

0ne of the effects of consolidating *ourstudent loans is

a. It ends an* grace period that might stillappl* to the loan

b. It increases the amount of mone* *ou'll

owe each monthc. It decreases the amount of mone* *ou'll

owe overall


22/26

T$/ES, I S .$ CE, $ ( B I ' $ H+-E ) 10

Insurance allows *ou to transfer *ourfinancial 222222222222 onto someone else.

a. -tocksb. Debtc. Risk


23/26

T$/ES, I S .$ CE, $ ( B I ' $ H+-E ) 0

What is a mortgage(

a. t*pe of rent used to pa* for housingb. t*pe of loan used to bu* propert*c. t*pe of financial statistic


24/26

T$/ES, I S .$ CE, $ ( B I ' $ H+-E ) !0

What is a down pa*ment(

a. large sum of mone* *ou pa* towards apropert* upfront.b. pa*ment that depreciates

c. pa*ment that gains value over timeaccording to an economic index


25/26

T$/ES, I S .$ CE, $ ( B I ' $ H+-E ) "0

Which of the following is >0+ a federal taxform(

a. W)"b. /)85

c. $#"#


26/26

T$/ES, I S .$ CE, $ ( B I ' $ H+-E ) #0

Which of the following tax t*pe does >0+re?uire *ou to complete forms to determinethe amount *ou owe or are owed at the endof the *ear(

a. -alesb. ederal Incomec. -tate Income

jeopardy - everfi high school

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