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Team 2
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Teams
Name
Score
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15
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What is a "secured" credit card?
A card with no credit limit
A card that can only be used in one store
A card that requires collateral
A card that offers free gifts
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15
×
Tell us 1 advantage of having a credit
...
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15
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Who is a "Borrower"?
A person who lends money
A person who saves money
A person who owes money
A person who earns money
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15
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What should you consider before applying for credit?
Your horoscope
Your favorite financial movie
Your creditworthiness and ability to repay
The weather forecast
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15
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When you make timely payments on a credit card, what can happen to your credit score?
It improves
They give you free money
It decreases
It becomes colorful
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15
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What is the term for the fee charged by a lender for borrowing money?
Discount
Bonus
Interest
Donation
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15
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What is a "credit score" used for?
Determining your favorite color
Measuring your physical fitness
Evaluating your borrowing risk
Rating your cooking skills
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15
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What is "Interest"?
Money borrowed
The cost of borrowing money
Money owed
The total income of a person
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heart
Other team wins 25 points!
Oops!
×
magnet
Take 5 points!
Okay!
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fairy
Take points!
5
10
15
20
25
×
baam
Lose 10 points!
Oops!
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eraser
Reset score!
Oops!
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fairy
Take points!
5
10
15
20
25
×
shark
Other team loses 10 points!
Okay!
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baam
Lose 20 points!
Oops!
15
×
What type of interest do you typically pay when you borrow money using credit?
Zero Interest
None of the above
Positive interest
Compound interest
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15
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Which of the following is an example of a credit account?
A savings account
A piggy bank
A loan from a bank
A checking account
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15
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Which term refers to the maximum amount of credit a lender is willing to extend to a borrower?
Interest rate
Savings goal
Withdrawal fee
Credit limit
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×
thief
Give points!
5
10
15
20
25
×
magnet
Take 5 points!
Okay!
×
gift
Win 15 points!
Okay!
×
baam
Lose 15 points!
Oops!
15
×
Which of the following is NOT a common type of credit?
Grant ("Bono")
Mortgage ("Hipoteca")
Auto loan
Student loan
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monster
Reset all scores!
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star
Double points!
Okay!
×
rocket
Go to first place!
Okay!
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banana
Go to last place!
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