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15
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Give an example of an intangible asset.
Goodwill (reputation), brand names, trademarks, licences, patents
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Check
Okay!
Check
15
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What does NSF acronym stand for?
Non-Sufficient-Funds
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Check
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Check
15
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Give your definition of a business.
Economic activity intended to produce profit.
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Check
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Check
15
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What does American government tax, your wealth or your income?
Your income.
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Check
Okay!
Check
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monster
Reset all scores!
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×
gold
Win 50 points!
Okay!
×
gift
Win 20 points!
Okay!
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banana
Go to last place!
Oops!
15
×
What do you do to endorse a check?
You sign it on the back.
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Check
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Check
15
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What can be done to avoid non-sufficient funds situation?
Checking your bank balance regularly, and reconciling your checkbook to your bank statement.
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Check
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Check
15
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Jack and Jill file tax return jointly. Standard deduction is $24,800, itemized deduction $32,000. Which number should they use on their tax return?
They should use their itemized deduction, because it is larger of the two.
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Check
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Check
15
×
What can causes a non-sufficient fund situation?
Not having enough money in your account to cover a check which you wrote.
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Check
Okay!
Check
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banana
Go to last place!
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rocket
Go to first place!
Okay!
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rocket
Go to first place!
Okay!
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thief
Give points!
5
10
15
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25
15
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Give some examples of recurring expanses.
Rent, utility bills, mortgage payments, groceries.
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Check
Okay!
Check
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boom
Lose 50 points!
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magnet
Take 20 points!
Okay!
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shark
Other team loses 25 points!
Okay!
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lifesaver
Give 20 points!
Oops!
15
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What happens when the check is bounced?
The check is rejected by the bank because of not enough money in the account to cover it.
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Check
Okay!
Check
15
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What are the usual consequences of non-sufficient funds situation?
Substantial fees, imposed by the bank, and damage to your credit score.
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Check
Okay!
Check
15
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What is the third party check?
It's a check which you give to somebody after endorsement.
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Check
Okay!
Check
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boom
Lose 50 points!
Oops!
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shark
Other team loses 25 points!
Okay!
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gift
Win 25 points!
Okay!
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banana
Go to last place!
Oops!
×
Restart
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