Team 1
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Team 2
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Teams
Name
Score
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15
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Community Banks
Small local banks that focus on serving the needs of the people and businesses in their area.
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Okay!
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15
×
Credit Basics
Credit=borrowing money and paying it back later.
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Okay!
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15
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Checking Accounts
Used for daily spending
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Okay!
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15
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Digital wallets
Cards stored on the phone
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Okay!
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15
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Principal
The original amount of money borrowed.
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Okay!
Check
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baam
Lose 25 points!
Oops!
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gold
Win 50 points!
Okay!
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fairy
Take points!
5
10
15
20
25
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lifesaver
Give 25 points!
Oops!
15
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Banks
Money is insured (up to $250 000)
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15
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Term
The time you pay it back e.g. mortgage; 30 years or a car; 3-7 years.
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Okay!
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baam
Lose 25 points!
Oops!
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seesaw
Swap points!
Okay!
×
rocket
Go to first place!
Okay!
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thief
Give points!
5
10
15
20
25
×
heart
Other team wins 25 points!
Oops!
×
shark
Other team loses 20 points!
Okay!
×
shark
Other team loses 25 points!
Okay!
×
baam
Lose 15 points!
Oops!
15
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Credit Unions
Member-owned with perks/benefits
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Okay!
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15
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Savings and Compound interest
Money that grows over time because you earn interest on interest.
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15
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Savings Accounts Interest
EARNS INTEREST (free money over time)
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15
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Amortization
A payment that will pay off a loan where monthly payment includes interest and principal.
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15
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Ways to take money out of Checking Accounts
1. Debit card 2. Checks 3. Cash
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15
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Unsecured Loans
Loans that are not tied to a tangible object like a credit card or student loan.
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Okay!
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