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Teams
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Score
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15
×
People w/ bachelors degrees have lower earning power than works with a HS diploma only
True
False
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seesaw
Swap points!
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×
star
Double points!
Okay!
×
fairy
Take points!
5
10
15
20
25
×
banana
Go to last place!
Oops!
15
×
Donations to charities are tax deductible?
False
True
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×
boom
Lose 50 points!
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fairy
Take points!
5
10
15
20
25
×
gift
Win 10 points!
Okay!
×
banana
Go to last place!
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15
×
Who issues Municipal Bonds?
Congress
Financial Institutions
Coporations
State and Local Governments
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15
×
A sole proprietorship is an unincorporated business with two or more partners that split duties evenly
True
False
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15
×
Money Market Accounts, Mutual Funds, and CD's are good ways to __________ money
Withdraw
Borrow
Save
Budget
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15
×
BONUS POINTS - Explain the concept of Compound Interest
You earn interest on your interest over time leading to greater gains
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15
×
Why are traditional savings accounts not a great way to invest your money?
Lowest returns/low interest rates
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15
×
A person who owns a share of shares of stock in a corporation is a stockholder?
False
True
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thief
Give points!
5
10
15
20
25
×
gold
Win 50 points!
Okay!
×
fairy
Take points!
5
10
15
20
25
×
thief
Give points!
5
10
15
20
25
25
×
Extra points - Explain difference between Traditional IRA and Roth IRS
Traditionals are invest prior to being taxed and all gains taxed when money is pulled. Roth is taken out of net income. No taxes on gains
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trap
No points!
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×
star
Double points!
Okay!
×
fairy
Take points!
5
10
15
20
25
×
banana
Go to last place!
Oops!
15
×
Why is important to live on a budget or have a budget?
It will help prevent over spending, make life easier by making smart financial choices
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15
×
Payment made for use of borrowed money is called?
Fees
Budget
Collateral
Interest
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15
×
According to the book, when renting an apartment, your monthly rent should not be more than_____
three weeks of your monthly income
four weeks of your monthly income
two weeks of your monthly income
one week of your monthly income
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