Finance Vocab | Baamboozle - Baamboozle | The Most Fun Classroom Games!

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If something is 'booming', it is ______.

doing very well, successful, popular

What is an asset?

something you have that is valuable

Give the instructions on how to pay a bill in your online banking app.

Various answers

What is the difference between retail and wholesale?

Retail = sales to individual customers, Wholesale = sales in bigger quantities, usually to businesses

What type of bank account is most commonly used for everyday transactions?

Chequing account

If you owe a lot of money to the bank, you are in ________.

in debt

What is a synonym for installment?

payment

What is it called when you borrow money from a bank or a friend?

Loan

Name 2 places you have used your debit card in the past week.

Various answers

What is the past tense of the verb 'lend'?

lent

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

How can you build your credit score in Canada?

Pay your bills on time, take out loans (and pay them back)

Give an example of a 'reward' you might get for using your credit card.

Various answers. Cash-back, travel rewards, merchandise (products), etc

What is collateral?

An asset that a lender (bank) accepts as security that you will pay back a loan.

What is a mortgage?

A loan used to buy a house or property

How much interest is usually earned on money you have in a chequing account?

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