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
15
×
Explain when one wants a high interest rate and when the same person would want a low interest rate
High Interest rate when investing, low interest rate when borrowing
Oops!
Check
Okay!
Check
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
Oops!
Check
Okay!
Check
15
×
What is one benefit and one negative about credit unions?
Negative - membership is required, less locations Positive - Better rates, more options
Oops!
Check
Okay!
Check
×
thief
Give points!
5
10
15
20
25
×
seesaw
Swap points!
Okay!
×
fairy
Take points!
5
10
15
20
25
×
baam
Lose 25 points!
Oops!
25
×
Which is the best synonym for the bonds that are used to raise corporate capital
Stocks
Taxes
Loans
Payments
Oops!
Show
Check
Okay!
Check
×
thief
Give points!
5
10
15
20
25
×
gold
Win 50 points!
Okay!
×
shark
Other team loses 15 points!
Okay!
×
lifesaver
Give 10 points!
Oops!
15
×
Why do stocks have the largest amount of risk? How can you minimize your risk?
their price can fluctuate significantly based on a company's performance/ Diversify
Oops!
Check
Okay!
Check
15
×
______________ is something of balue that can be claimed by a lender if a loan is not repaid
Collateral
Oops!
Check
Okay!
Check
15
×
1 Advantage 1 Disadvantage of Sole Proprietorships
complete control, unlimited liability,
Oops!
Check
Okay!
Check
15
×
Is your money protected while in a bank? If so, how?
FDIC - Insures your account up to $250k
Oops!
Check
Okay!
Check
15
×
Another name for a passbook account is savings
True
False
Oops!
Show
Check
Okay!
Check
15
×
Explain the difference between a secured loan and unsecured loan
Secured loans require some sort of collateral, such as a car, a home, or another valuable asset,
Oops!
Check
Okay!
Check
×
baam
Lose 20 points!
Oops!
×
gift
Win 20 points!
Okay!
×
rocket
Go to first place!
Okay!
×
baam
Lose 10 points!
Oops!
15
×
Why are traditional savings accounts not a great way to invest your money?
Lowest returns/low interest rates
Oops!
Check
Okay!
Check
×
baam
Lose 15 points!
Oops!
×
fairy
Take points!
5
10
15
20
25
×
fairy
Take points!
5
10
15
20
25
×
banana
Go to last place!
Oops!
25
×
EXTRA POINTS - Why do you want your portfolio to be diversified?
Less risk in case of market failure. Investments are spread out.
Oops!
Check
Okay!
Check
×
Restart
Review
Join for Free
;
Your experience on this site will be improved by allowing cookies.
Allow cookies
