FinLit Chapter 7 Vocab | Baamboozle - Baamboozle

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

What type of account allows you to charge items or services only at that store?

Store Account

Oops!

Check

Okay!

Check

15

What credit allows you to receive services and pay for them later?

service credit

Oops!

Check

Okay!

Check

15

This is the amount you are required to pay each month on a credit account.

minimum payment

Oops!

Check

Okay!

Check

15

What interest rate goes up and down with inflation?

Variable interest rate

Oops!

Check

Okay!

Check

15

This type of credit is used to finance the purchase of a single item through equal payments over a set period of time.

Installment credit

Oops!

Check

Okay!

Check

15

What is the max amount you are willing to pay for an item?

Spending limit

Oops!

Check

Okay!

Check

15

What is the ability to borrow money and pay it back later?

credit

Oops!

Check

Okay!

Check

lifesaver

Give 20 points!

Oops!

star

Double points!

Okay!

fairy

Take points!

5

10

15

20

25

thief

Give points!

5

10

15

20

25

15

What is the process of including choices that reflect goals by considering all pros and cons along with the costs?

Systematic Decision Making

Oops!

Check

Okay!

Check

15

What is a loan borrowed as needed with no collateral?

line of credit

Oops!

Check

Okay!

Check

baam

Lose 10 points!

Oops!

rocket

Go to first place!

Okay!

rocket

Go to first place!

Okay!

baam

Lose 20 points!

Oops!

lifesaver

Give 20 points!

Oops!

star

Double points!

Okay!

shark

Other team loses 25 points!

Okay!

baam

Lose 20 points!

Oops!

15

What is the term for the fee that you are charged for violating the terms of the credit agreement?

penalty

Oops!

Check

Okay!

Check

15

What type of account allows you to charge repeatedly up to a max limit?

Revolving credit

Oops!

Check

Okay!

Check

15

What is the property that you use as security for a loan called?

Collateral

Oops!

Check

Okay!

Check

15

This interest rate is set and does not change from month to month.

Fixed interest rate

Oops!

Check

Okay!

Check

Restart Join for Free

;

Your experience on this site will be improved by allowing cookies.