Savings & borrowing | Baamboozle - Baamboozle | The Most Fun Classroom Games!

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15

why is it important to compare interest rates before borrowing

find the cheapest loan

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Check

Okay!

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20

what is the name of the loan you take out when buying a house?

mortgage

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15

how do you earn interest

save money

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Okay!

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seesaw

Swap points!

Oops!

fairy

Take points!

5

10

15

20

25

shark

Other team loses 15 points!

Okay!

banana

Go to last place!

Oops!

baam

Lose 25 points!

Oops!

gift

Win 25 points!

Okay!

fairy

Take points!

5

10

15

20

25

banana

Go to last place!

Oops!

trap

No points!

Oops!

seesaw

Swap points!

Okay!

shark

Other team loses 10 points!

Okay!

lifesaver

Give 5 points!

Oops!

5

name one type of collateral a person might offer for a loan

house or car

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Okay!

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15

what feature of a savings account allows you to access your money quickly?

ATM card

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20

what types of accounts can you have in the bank?

Current and deposit account

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10

Name two financial institutions where people can save money

Bank and credit union

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25

what does APR stand for?

Annual percentage rate

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15

Name two types of short-term borrowing

Bank overdraft and credit card

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10

give one example of a medium term loan

hire purchase or personal loan

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20

a person borrows more than they can afford to repay. What financial problem might they face?

Debt or arrears

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Okay!

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