Team 1
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Team 2
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Teams
Name
Score
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15
×
What is an asset?
something you have that is valuable
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Okay!
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15
×
Is a refrigerator an example of a want or a need?
Need
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Okay!
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15
×
When you choose to buy something at the expense of buying something else, it is called an _______ cost
Opportunity
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trap
No points!
Oops!
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fairy
Take points!
5
10
15
20
25
×
gift
Win 15 points!
Okay!
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thief
Give points!
5
10
15
20
25
15
×
If you owe a lot of money to the bank, you are in ________.
in debt
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thief
Give points!
5
10
15
20
25
×
star
Double points!
Okay!
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rocket
Go to first place!
Okay!
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baam
Lose 20 points!
Oops!
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baam
Lose 20 points!
Oops!
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star
Double points!
Okay!
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fairy
Take points!
5
10
15
20
25
×
lifesaver
Give 25 points!
Oops!
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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15
×
What is a synonym for installment?
payment
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15
×
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
×
If something is 'booming', it is ______.
doing very well, successful, popular
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heart
Other team wins 25 points!
Oops!
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star
Double points!
Okay!
×
fairy
Take points!
5
10
15
20
25
×
thief
Give points!
5
10
15
20
25
15
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When you use a credit card, are you using money that you have? Or money that you are borrowing?
Borrowing
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Okay!
Check
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!
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15
×
What is collateral?
An asset that a lender (bank) accepts as security that you will pay back a loan.
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Okay!
Check
15
×
What is a mortgage?
A loan used to buy a house or property
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Okay!
Check
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