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15
×
How much interest is usually earned on money you have in a chequing account?
0%
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thief
Give points!
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15
20
25
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gift
Win 15 points!
Okay!
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gift
Win 25 points!
Okay!
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lifesaver
Give 25 points!
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15
×
What is it called when you borrow money from a bank or a friend?
Loan
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15
×
If you owe a lot of money to the bank, you are in ________.
in debt
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seesaw
Swap points!
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rocket
Go to first place!
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shark
Other team loses 15 points!
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thief
Give points!
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25
15
×
What is collateral?
An asset that a lender (bank) accepts as security that you will pay back a loan.
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15
×
If something is 'booming', it is ______.
doing very well, successful, popular
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15
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What is an asset?
something you have that is valuable
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15
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In regards to bank accounts and credit cards, explain what a balance is.
Balance = the total amount you have in an account, or the total amount you owe on a credit card
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15
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What is a mortgage?
A loan used to buy a house or property
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15
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What is the difference between retail and wholesale?
Retail = sales to individual customers, Wholesale = sales in bigger quantities, usually to businesses
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15
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Give the instructions on how to pay a bill in your online banking app.
Various answers
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15
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Name 2 places you have used your debit card in the past week.
Various answers
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15
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What type of bank account is most commonly used for everyday transactions?
Chequing account
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monster
Reset all scores!
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star
Double points!
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rocket
Go to first place!
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banana
Go to last place!
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15
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What is the past tense of the verb 'lend'?
lent
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