Jeopardy True/False TermsShort/Long Q$100 Q$200 Q$300 Q$400 Q$500 Q$100 Q$200 Q$300 Q$400 Q$500 FinalFinal Jeopardy A or L Q$100 Q$200 Q$300 Q$400 Q$500 Q$100 Q$200 Q$300 Q$400 Q$500 Q$100 Q$200 Q$300 Q$400 Q$500

$100 Question from True/False A balance sheet is a record of assets and liabilities at a point in time— True or False?

$100 Answer to True/False What is True.

$200 Question from True/False The difference between assets and liabilities is called your cash flow— True or False?

$200 Answer to True/False What is False.

$300 Question from True/False Variable expenses are for the same amount each time—True or False?

$300 Answer to True/False What is False.

$400 Question from True/False A budget variance is the difference between budgeted amounts and actual spending—True or False?

$400 Answer to True/False What is True.

$500 Question from True/False The most popular retirement income plan is the individual retirement account (IRA)—True or False?

$500 Answer to True/False What is True.

$100 Question from True/False Cash inflows are the money you spend on food, clothing, and other living expenses—True or False?

$100 Answer to True/False What is False.

$200 Question from True/False Estate planning includes the distribution of your property at death—True or False?

$200 Answer to True/False What is True.

$300 Question from True/False An annuity is a series of regular payments made to a retired worker under a plan—True or False?

$300 Answer to True/False What is False.

$400 Question from True/False Financial planning generally reduces an individual’s financial uncertainties—True or False.

$400 Answer to True/False What is True.

$500 Question from True/False Putting together a good budget is a very time-consuming process—True or False?

$500 Answer to True/False What is False.

$100 Question from Terms The amount of a paycheck after taxes and other payroll deductions.

$100 Answer to Terms What is net income or net pay?

$200 Question from Terms A report of your current financial condition and a strategy for your financial future.

$200 Answer to Terms What is a financial plan?

$300 Question from Terms Items of value, such as money, investments, automobiles, and jewelry.

$300 Answer to Terms What are personal assets?

$400 Question from Terms The amount of money you plan to use for a certain budget category.

$400 Answer to Terms What is an allowance?

$500 Question from Terms Costs that occur on a regular basis, such as rent or mortgage payments.

$500 Answer to Terms What are fixed expenses?

$100 Question from Short or Long-Term Buying a new sweater.

$100 Answer to Short or Long-Term What is short-term?

$200 Question from Short or Long-Term Saving for a class trip to Washington, D.C.

$200 Answer to Short or Long-Term What is long-term?

$300 Question from Short or Long-Term Buying a new car.

$300 Answer to Short or Long-Term What is long-term?

$400 Question from Short or Long-Term Having your coat dry cleaned.

$400 Answer to Short or Long-Term What is short-term?

$500 Question from Short or Long-Term Going to a concert with friends.

$500 Answer to Short or Long-Term What is short-term?

$100 Question from Asset or Liability Computer.

$100 Answer to Asset or Liability What is an asset?

$200 Question from Asset or Liability Checking account.

$200 Answer to Asset or Liability What is an asset?

$300 Question from Asset or Liability Balance on store charge account.

$300 Answer to Asset or Liability What is a liability?

$400 Question from Asset or Liability Car loan.

$400 Answer to Asset or Liability What is a liability?

$500 Question from Asset or Liability Money borrowed to pay tuition.

$500 Answer to Asset or Liability What is a liability?

Final Jeopardy Question The percentage of U.S. banks that are FDIC members.

Final Jeopardy Answer What is almost 99%?