2. Ms. Wagemaker Coginchaug Reginoal High School

3. Personal Finance Jeopardy CreditInsurance The 5 C’s of Credit Savings 100 200 300 400 500

4. Credits Exit

5. Credit Which of the following is not a secured loan? personal cash loan to get through a temporary lay-off from your job 5-year auto loan home equity loan to pay for a new roof. 30-year, fixed-rate mortgage

6. Credit Which of the following is not a secured loan? personal cash loan to get through a temporary lay- off from your job 5-year auto loan home equity loan to pay for a new roof. 30-year, fixed-rate mortgage

7. Credit $200 Which of the following is not a reason for your credit card interest rate to go up? You have never missed a payment on any credit account. Your debt level is too high. You have exceeded your credit limit on another card. d. Your credit score went down.

8. Credit $200 Which of the following is not a reason for your credit card interest rate to go up? You have never missed a payment on any credit account. Your debt level is too high. You have exceeded your credit limit on another card Your credit score went down.

9. Credit $300 Currently what is the range of possible credit scores? A. 0 - 800 B. 300 - 850 C. 100-750 D. 500 - 850

10. Credit $300 Currently what is the range of possible credit scores? A. 0 - 800 B. 300 - 850 C. 100-750 D. 500 - 850

11. Credit $400 What do you call the type of loan that has a fixed number of equal payments to be paid on a regular basis? Examples would be car loans and home mortgages.

12. Credit $400 What do you call the type of loan that has a fixed number of equal payments to be paid on a regular basis? Examples would be car loans and home mortgages. INSTALLMENT

13. Credit $500 What do you call the type of loan/credit that does not have any collateral? Examples would be credit cards and personal loans.

14. Credit $500 What do you call the type of loan/credit that does not have any collateral? Examples would be credit cards and personal loans. Unsecured

15. Insurance $100 The price you pay for insurance coverage

16. Insurance $100 The price you pay for insurance coverage PREMIUM

17. Insurance $200 The amount the insured person pays out of pocket for each loss

18. Insurance $200 The amount the insured person pays out of pocket for each loss DEDUCTIBLE

19. Insurance $300 This type of insurance will provide you with some income in case you are unable to work due to an injury or illness.

20. Insurance $300 This type of insurance will provide you with some income in case you are unable to work due to an injury or illness. DISABILITY INCOME

21. Insurance $400 This type of insurance will help pay for your funeral expenses and provide money for your dependents in the event of your death

22. Insurance $400 This type of insurance will help pay for your funeral expenses and provide money for your dependents in the event of your death LIFE INSURANCE

23. Insurance $500 This type of insurance covers you against losses that might occur to the building you own

24. Insurance $500 This type of insurance covers you against losses that might occur to the building you own HOMEOWNERS

25. 5 C’s of Credit $100 What you currently own; the value of all your assets fund

26. 5 C’s of Credit $100 What you currently own; the value of all your assets CAPITAL

27. 5 C’s of Credit $200 The current state of the economy – this will affect your interest rate and how willing creditors are to give you credit

28. 5 C’s of Credit $200 The current state of the economy – this will affect your interest rate and how willing creditors are to give you credit CONDITIONS

29. 5 C’s of Credit $300 What you are given in exchange for the loan/credit. What the creditor can “take back” if you default on your loan.

30. 5 C’s of Credit $300 What you are given in exchange for the loan/credit. What the creditor can “take back” if you default on your loan. COLLATERAL

31. 5 C’s of Credit $400 Your financial history – how well you have (or haven’t) paid off any previous credit. Your credit score is a strong indicator of this….

32. 5 C’s of Credit $400 Your financial history – how well you have (or haven’t) paid off any previous credit. Your credit score is a strong indicator of this…. CHARACTER

33. 5 C’s of Credit $500 Your current ability to repay a loan/credit. Your current income is the big determinant of this….

34. 5 C’s of Credit $500 Your current ability to repay a loan/credit. Your current income is the big determinant of this…. CAPACITY

35. Savings $100 A basic savings account has high __________ because you can withdraw funds from it without penalty and easily convert the funds into cash.

36. Savings $100 A basic savings account has high __________ because you can withdraw funds from it without penalty and easily convert the funds into cash. LIQUIDITY

37. Savings $200 Which method of calculating interest will earn you the MOST money over time? Simple interest Compounded daily Compounded monthly Compounded annually

38. Savings $200 Which method of calculating interest will earn you the MOST money over time? Simple interest Compounded daily Compounded monthly Compounded annually

39. Savings $300 Using the Rule of 72, how many years will it take to double your investment if your earnings rate is 5% ? ____________

40. Savings $300 Using the Rule of 72, how many years will it take to double your investment if your earnings rate is 5% ? 14.4 # years to double your investment = 72 / interest rate

41. Savings $400 Saving for a skateboard is what kind of a goal: Short Term Medium Term Long Term

42. Savings $400 Saving for a skateboard is what kind of a goal: Short Term Medium Term Long Term

43. Savings $500 What does CD stand for when it comes to a savings product?

44. Savings $500 What does CD stand for when it comes to a savings product? Certificate of Deposit