Team 1
0
Team 2
0
Teams
Name
Score
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
Loading
×
lifesaver
Give 15 points!
Oops!
×
gold
Win 50 points!
Okay!
×
shark
Other team loses 10 points!
Okay!
×
thief
Give points!
5
10
15
20
25
15
×
Credit cards often come with interest free periods to entice consumers to take out the card and to encourage spending
True
Oops!
Check
Okay!
Check
15
×
Explain the impact of decreased consumer spending
Decreased consumer spending = less money in the economy, less demand, workers are laid off.
Oops!
Check
Okay!
Check
×
banana
Go to last place!
Oops!
×
fairy
Take points!
5
10
15
20
25
×
gift
Win 20 points!
Okay!
×
thief
Give points!
5
10
15
20
25
15
×
Give an advantage of buy now pay later
Allows consumers to purchase the items needed/wanted quickly, allows for items to be paid in 3 or 30 days, easy to use,
Oops!
Check
Okay!
Check
15
×
How much does the government recommend is in an emergency fund?
Roughly 3-6 months worth of essential expenditure
Oops!
Check
Okay!
Check
15
×
What is a store card?
Similar to a credit card that is used only in one particular store.
Oops!
Check
Okay!
Check
15
×
Describe a personal loan
Lump sum of borrowed money to buy a big purchase, such a car, house repair. Will have interest added on.
Oops!
Check
Okay!
Check
15
×
The Essential spending in a household might include Netflix. True or false?
False
Oops!
Check
Okay!
Check
15
×
Give a disadvantage of buy now pay later
If not budgeted for the payment could lead to debt. Credit scores can be affected if not paid on time. People may buy more than can be afforded
Oops!
Check
Okay!
Check
15
×
Explain the impact of having a credit card or store credit on personal budgets
Can be good as allows for emergency / spur of the moment purchases. Can be bad as interest has to be added and paid back which might affect budgeting
Oops!
Check
Okay!
Check
15
×
Why is it important to have an emergency fund?
In order to be able to pay for items that we may need, to cover any issues that have happened, fix things, not worry about money
Oops!
Check
Okay!
Check
15
×
You can only have one store card at a time. True or False?
False
Oops!
Check
Okay!
Check
15
×
Describe credit cards. What is their main purpose?
Borrowed money from a lender, usually with interest added. Allows consumers to purchase now and pay later.
Oops!
Check
Okay!
Check
×
heart
Other team wins 25 points!
Oops!
×
magnet
Take 25 points!
Okay!
×
gift
Win 10 points!
Okay!
×
banana
Go to last place!
Oops!
15
×
Give an example of non essential spending and spur of the moment purchases
Clothes, days out, holidays, luxury items,
Oops!
Check
Okay!
Check
×
Restart
Review
Join for Free
;
Your experience on this site will be improved by allowing cookies.
Allow cookies