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Teams
Name
Score
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15
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What is a key benefit of disability insurance?
It pays for property damage
It covers routine medical check-ups
It replaces lost income during inability to work
It provides investment returns
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15
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What is a key advantage of having comprehensive auto insurance?
It eliminates the need for vehicle maintenance
It guarantees lower fuel costs
It protects against financial losses from accidents
It prevents mechanical breakdowns
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15
×
When interest rates increase, how does that affect consumer spending?
Consumer spending stays the same
People increase their savings and reduce spending
People borrow and spend more money
Has no effect on consumer behavior
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15
×
How do higher interest rates affect mortgage decisions?
Eliminates closing costs
Reduces down payment requirements
Makes monthly payments lower
Increases the total cost of homeownership
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×
seesaw
Swap points!
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×
gift
Win 10 points!
Okay!
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gift
Win 20 points!
Okay!
×
baam
Lose 20 points!
Oops!
15
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What is a primary purpose of creating an emergency fund?
Earning high interest returns
Building retirement savings
Maximizing tax deductions
Avoiding unexpected financial stress
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15
×
Which budgeting practice helps prevent overspending?
Using only cash for purchases
Tracking all expenses
Having multiple credit cards
Avoiding budget planning
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15
×
What action should you take if you discover unauthorized charges on your credit card?
Pay the charges and dispute later
Close all credit accounts
Wait for the next statement
Contact the credit card issuer immediately
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15
×
How can consumers best protect against identity theft online?
Using public Wi-Fi networks
Clicking on email attachments
Sharing passwords with trusted friends
Using strong, unique passwords
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15
×
Which action best protects against identity theft?
Regularly monitoring credit reports
Using public Wi-Fi for banking
Using the same password for all accounts
Sharing passwords with trusted friends
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15
×
How does compound interest benefit savers?
Reduces tax liability
Generates interest on previouly earned interest
Provides guaranteed returns
Eliminates investment risk
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15
×
Which budgeting method allocates income into specific categories like needs, wants, and savings?
50/30/20 rule
zero-based budgeting
envelope system
line-item budgeting
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trap
No points!
Oops!
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fairy
Take points!
5
10
15
20
25
×
shark
Other team loses 20 points!
Okay!
×
baam
Lose 25 points!
Oops!
15
×
What is a primary benefit of maintaining a good credit score?
Lower interest rates when borrowing money
Free credit monitoring services
Unlimited credit card rewards
Guaranteed approval for all loans
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×
boom
Lose 50 points!
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gift
Win 20 points!
Okay!
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shark
Other team loses 15 points!
Okay!
×
thief
Give points!
5
10
15
20
25
15
×
What effect does a lower credit score typically have on loan applications?
Better loan terms
Faster approval process
Higher interest rates
Lower down payment requirements
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