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15
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What is an asset?
something you have that is valuable
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15
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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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15
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What is a synonym for installment?
payment
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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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baam
Lose 15 points!
Oops!
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seesaw
Swap points!
Okay!
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fairy
Take points!
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25
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baam
Lose 10 points!
Oops!
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banana
Go to last place!
Oops!
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star
Double points!
Okay!
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fairy
Take points!
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25
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baam
Lose 5 points!
Oops!
15
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What is collateral?
An asset that a lender (bank) accepts as security that you will pay back a loan.
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15
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What is the past tense of the verb 'lend'?
lent
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monster
Reset all scores!
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gift
Win 20 points!
Okay!
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shark
Other team loses 20 points!
Okay!
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thief
Give points!
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25
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lifesaver
Give 25 points!
Oops!
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seesaw
Swap points!
Okay!
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shark
Other team loses 15 points!
Okay!
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baam
Lose 25 points!
Oops!
15
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Is a refrigerator an example of a want or a need?
Need
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15
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If you owe a lot of money to the bank, you are in ________.
in debt
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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
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What type of bank account is most commonly used for everyday transactions?
Checking account
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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
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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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