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15
×
You need a loan for $10,000. Is it better to pay $120/mo. for 10 years or $202/mo. for 5 years?
Ideally, $202 for 5 years. You pay over $2000 extra interest for the additional 5 years.
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15
×
True or False: You earn interest in a checking account
false
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thief
Give points!
5
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25
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shark
Other team loses 25 points!
Okay!
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shark
Other team loses 10 points!
Okay!
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thief
Give points!
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25
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thief
Give points!
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25
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star
Double points!
Okay!
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gift
Win 25 points!
Okay!
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banana
Go to last place!
Oops!
15
×
True or false: Net income is the same as take-home pay
True
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15
×
When you borrow money, would you rather have an interest rate of 4% or 6%?
4%! The higher the interest rate, the more money you will have to pay back on TOP of what you borrowed!
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15
×
What is one difference between a credit union and a bank?
(Answers vary) - credit unions are non-profit; you have to be a member of a credit union to have an account
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15
×
Which product is the better deal?
The larger size because it has a lower UNIT PRICE (although sometimes it makes sense to get the smaller size anyway!)
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15
×
Give an example of an OPPORTUNITY COST of going to college
Not being able to work full time.
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15
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Why is it a good idea to look at a unit price when shopping?
Because it is the easiest way to compare prices on different sizes of the same item
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15
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What is the difference between a brand and a company?
A brand is a product or group of products sold by a larger company.
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15
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True or false: all your money is protected (safe) in a bank
Mostly true - all accounts up to $200,000 are protected by the FDIC
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15
×
Can advertisers lie about a product in an advertisement?
No - that is illegal.
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baam
Lose 20 points!
Oops!
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gold
Win 50 points!
Okay!
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fairy
Take points!
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25
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lifesaver
Give 5 points!
Oops!
15
×
What is the Unit Price of the Cheerios?
24.9 cents per ounce
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Okay!
Check
×
baam
Lose 25 points!
Oops!
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shark
Other team loses 10 points!
Okay!
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fairy
Take points!
5
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20
25
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thief
Give points!
5
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25
×
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