Personal Financial Literacy | Baamboozle - Baamboozle

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What is a transfer?

When money is moved from one account to another.

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What facts would you consider when deciding where to open a bank account?

........

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monster

Reset all scores!

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gold

Win 50 points!

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gift

Win 15 points!

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baam

Lose 15 points!

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Name one advantage and one disadvantage of using a credit card.

.......

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Where is the Giant's Causeway?

Ireland (Northern Ireland)

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What is interest?

Interest is a fee that is either payed or received when borrowing money or saving in a bank.

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How long is information kept on a credit report?

7 years

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Name two methods to pay for third level education.

.......

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heart

Other team wins 25 points!

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gift

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rocket

Go to first place!

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baam

Lose 20 points!

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What was my profession previous to teaching?

Aeronautical Engineer

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What is the difference between a savings account and a checking account?

A savings account pays interest on the money in the account where a checking account may not, depending on the institution.

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trap

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gold

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fairy

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lifesaver

Give 10 points!

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seesaw

Swap points!

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gift

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shark

Other team loses 20 points!

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banana

Go to last place!

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A deposit is when money is taken out of an account.

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In your own words, what is financial literacy?

.....

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Which education level has the highest median earnings?

Doctoral or Profesional Degree

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