2. Advanced Personal Finance PowerPoint Millionaire Game

3. Question 1 for $100 Life insurance policies that are provided for a specific and limited time period are called A. Term D. UniversalC. Variable B. Whole life 50:50

4. Question 2 for $200 Which of the following is the name for the type of U.S. savings bond that is inflation-adjusted? A. Convertible bondB. Zero-coupon bond C. EE bondD. I bond 50:50

5. Question 3 for $300 The feature of having many securities in a mutual fund portfolio is called A. Liquidity D. Compounding C. Dollar-cost averaging B. Diversification 50:50

6. Question 4 for $500 Which is the type of retirement plan that does NOT require taxable distributions at age 70½? A. 401(k) plan D. Traditional IRAC. Roth IRA B. 403(b) plan 50:50

7. Question 5 for $1,000 Which is NOT a mutual fund suitable for an investor with a growth objective? A. Global fund D. Small cap fundC. Sector fund B. Money market fund 50:50

8. Question 6 for $2,000 If you file a claim, the amount that you have to pay before your insurance company pays. A. Deductible D. Co-paymentC. Stop-loss limit B. Front-end load 50:50

9. Question 7 for $4,000 Intentionally choosing a higher insurance policy deductible illustrates this risk management strategy. A. Risk avoidance C. Risk retentionD. Risk reduction B. Risk transfer 50:50

10. Question 8 for $8,000 Which type of insurance is generally the biggest gap in family insurance coverage? A. Disability D. AutoC. Life B. Liability 50:50

11. Question 9 for $16,000 The type of property insurance purchased by condominium owners is called A. HO-4 D. HO-10C. HO-8 B. HO-6 50:50

12. Question 10 for $32,000 Stocks with prices that are currently relatively low compared to historical earnings and asset prices are A. Penny stocks D. Value stocksC. Small cap stocks B. Blue chip stocks 50:50

13. Question 11 for $64,000 The Standard & Poor’s 500 is an example of a(n) A. Investment research firm D. Govn’t regulatory agency C. Stock market index B. Mutual fund company 50:50

14. Question 12 for $125,000 In general, if interest rates go up, in which direction do bond prices go? A. Remain unchanged D. Follow commodity prices C. Go down B. Go up 50:50

15. Question 13 for $250,000 Which type of mutual fund includes the same securities as those within a market benchmark? A. Lifecycle fund D. Sector fundC. Target date fund B. Index fund 50:50

16. Question 14 for $500,000 The fee that is assessed to pay for mutual fund advertising and marketing expenses is called A. Front-end load fee D. Management feeC. Expense ratio B. 12(b)1 fee 50:50

17. Question 15 for $1 Million How long will it take for $500,000 to grow to $1 million if you earn an average 8% return? A. 9 years D. 15 yearsC. 12 years B. 10 years 50:50

18. Ask the Audience Raise your hand for the letter of your choice when your teacher asks you to.

19. Would you like to try for? $200 $100

20. Would you like to try for? $300 $200

21. Would you like to try for? $500 $300

22. Would you like to try for? $1,000 $500

23. Would you like to try for? $2,000 You are guaranteed $1000! You are guaranteed $1000!

24. Would you like to try for? $4,000 $2000

25. Would you like to try for? $8,000 $4000

26. Would you like to try for? $16,000 $8000

27. Would you like to try for? $32,000 $16000

28. Would you like to try for? $64,000 You are guaranteed $32,000! You are guaranteed $32,000!

29. Would you like to try for? $125,000 $64,000

30. Would you like to try for? $250,000 $125,000

31. Would you like to try for? $500,000 $250,000

32. Would you like to try for? $1 Million $500,000

33. $1,000,000

34. Phone a Friend! Which student in class would you like to ask for help?

35. I’m Sorry! That is not the correct answer!