Team 1
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Team 2
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Teams
Name
Score
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lifesaver
Give 25 points!
Oops!
×
star
Double points!
Okay!
×
shark
Other team loses 25 points!
Okay!
×
thief
Give points!
5
10
15
20
25
15
×
What is collateral?
An asset that a lender (bank) accepts as security that you will pay back a loan.
Oops!
Check
Okay!
Check
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banana
Go to last place!
Oops!
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shark
Other team loses 25 points!
Okay!
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rocket
Go to first place!
Okay!
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banana
Go to last place!
Oops!
15
×
When you use a credit card, are you using money that you have? Or money that you are borrowing?
Borrowing
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Check
Okay!
Check
15
×
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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Okay!
Check
15
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When you choose to buy something at the expense of buying something else, it is called an _______ cost
Opportunity
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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
×
If something is 'booming', it is ______.
doing very well, successful, popular
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15
×
What is the past tense of the verb 'lend'?
lent
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eraser
Reset score!
Oops!
×
star
Double points!
Okay!
×
shark
Other team loses 20 points!
Okay!
×
thief
Give points!
5
10
15
20
25
15
×
How can you build your credit score in Canada?
Pay your bills on time, take out loans (and pay them back)
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Okay!
Check
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heart
Other team wins 15 points!
Oops!
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gift
Win 20 points!
Okay!
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gift
Win 25 points!
Okay!
×
banana
Go to last place!
Oops!
15
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Give an example of a 'reward' you might get for using your credit card.
Various answers. Cash-back, travel rewards, merchandise (products), etc
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15
×
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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Check
15
×
If you owe a lot of money to the bank, you are in ________.
in debt
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15
×
Is a refrigerator an example of a want or a need?
Need
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Check
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