Budget or Bust Banking Basics Property Protection Risky Business Know That Term Grab Bag 10 10 10 10 10 10 20 20 20 20 20 20 30 30 30 30 30 30 40 40 40 40 40 40 50 50 50 50 50 50

What do we call something you “OWE”? Examples: Credit card balance, car loan, home loan 10

True or False: Our financial resources are limited, but our needs and wants are unlimited and growing 20

List at least 2 “fixed” expenses 30

How do you compute your net worth? (using the terms assets and liabilities) 40

What kind of adjustments can you make if your budget does not balance: 50

Self-insuring is an example of which type of the 4 risk strategies we discussed? 10

Buying insurance is an example of which of the 4 risk strategies we discussed? 20

What is the process of identifying your risks and deciding how serious they are? 30

Joe Dirt has health insurance that pays 60% of covered charges after a $150 deductible. He received a statement of $600 in covered charges. How much will Joe have to pay? 40

If a visiting guest is injured inside a tenant’s apartment, who is liable or responsible for the injuries? 50

True or False: A demand deposit account is when the account holder may withdraw money on demand or write checks on the account at any time? 10

What organization insures the deposits in the banks, giving us confidence to use the banks in the U.S. financial system? 20

What kind of endorsement will state “pay to the order of” 30

(add or subtract and from which balance?) When reconciling a bank statement, what do you do with the amount of outstanding checks? (add or subtract and from which balance?) 40

Which of the following would be an adjustment to the checkbook register balance during a bank reconciliation? 50 outstanding checks bank service charge deposits in transit

This coverage provides protection against damages caused by a motorist who is at fault but does not have insurance to pay for the full extent of your damages? 10

What type of insurance coverage protects against damage to your own vehicle when you are at fault hitting another car? 20

What type of insurance coverage protects against a tree falling on your car while parked? 30

What type of insurance coverage protects against another person’s medical bills or property when you are at fault in an auto accident? 40

A _________ _____ plan (PPO and HMO) is when healthcare patients choose doctors and other providers for medical services using an approved list of network providers? 50

A deductible is the price you pay for insurance coverage True or False: A deductible is the price you pay for insurance coverage 10

With Health insurance, what is the amount you must pay toward medical expenses before your insurance begins to kick in? 20

True/False: Forgery occurs when someone alters a check by changing its amount to obtain more money from another person’s account. 30

This is sold at a discount and grows to its face value over time. 40

What provision means that once you have incurred deductibles and copays up to a certain amount in a year, the insurance company will then pay 100% of expenses 50

Who is the person listed as the recipient of a Life Insurance policy? 10

A CD is not a demand deposit in a bank. TRUE or FALSE A CD is not a demand deposit in a bank. 20

Your bank statement balance is $1,000 Your bank statement balance is $1,000. You have outstanding checks of $100. You have deposits in transit of $200. You have a service fee of $10. You earned interest on the account in the amount of $2. What should be your adjusted bank balance? 30

If I stopped waterskiing after I had a bad fall and was fearful of injuring myself, I would be practicing what type of risk management strategy? 40

What are at least 2 of your consumer responsibilities when having a checking account? 50

Final Jeopardy Name at least 2 ways you can be prepared in case you need to file a claim for the loss of property due to theft or fire