2. Jeopardy CreditSavingInvesting Gov’t Misc. Q $100 Q $200 Q $300 Q $400 Q $500 Q $100 Q $200 Q $300 Q $400 Q $500 Final Jeopardy

3. $100 Question from Credit The cost of credit expressed in dollars and cents

4. $100 Answer from Credit What is the finance charge?

5. $200 Question from Credit The cost of credit expressed as a yearly percentage

6. $200 Answer from Credit What is the Annual Percentage Rate (APR)?

7. $300 Question from Credit Lines of credit issued by and useable only at a particular store or company

8. $300 Answer from Credit What is a charge account?

9. $400 Question from Credit The size of your capital or your personal wealth

10. $400 Answer from Credit What is your collateral?

11. $500 Question from Credit Paying off debts on time, keeping a record of charges you made, notifying creditors of lost or stolen cards

12. $500 Answer from Credit What are the responsibilities of a borrower?

13. $100 Question from Saving Certificates issued by a company or government in exchange for borrowed money

14. $100 Answer from Saving What are bonds?

15. $200 Question from Saving A time deposit that states the amount of deposit, maturity, and rate of interest being paid

16. $200 Answer from Saving What is a certificate of deposit (CD)?

17. $300 Question from Saving A private retirement account whose interest earned is tax-free forever

18. $300 Answer from Saving What is a Roth IRA?

19. $400 Question from Saving A company plan that provides retirement income for employees

20. $400 Answer from Saving What is a pension plan?

21. $500 Question from Saving A financial institution that is owned and operated by members to provide savings accounts and low interest loans

22. $500 Answer from Saving What is a credit union?

23. $100 Question from Investing increase in value of an asset (stock) from the time it was bought to the time it was sold

24. $100 Answer from Investing What is a capital gain?

25. $200 Question from Investing a person who acts as a go-between for buyers and sellers of stocks and bonds

26. $200 Answer from Investing What is a broker?

27. $300 Question from Investing The largest stock exchange in the world

28. $300 Answer from Investing What is the New York Stock Exchange?

29. $400 Question from Investing investment company that pools the money of many individuals to buy stocks, bonds, and other investments

30. $400 Answer from Investing What is a mutual fund?

31. $500 Question from Investing Stock index that tracks stock prices over time

32. $500 Answer from Investing What is the Dow Jones Industrial Average (DJIA) or the Standard & Poor’s (S&P)

33. $100 Question from Gov't Act that ensures customers are fully informed about the costs and conditions of borrowing

34. $100 Answer from Gov't What is the Truth in Lending Act?

35. $200 Question from Gov't Insures commercial bank accounts for up to $250,000

36. $200 Answer from Gov't What is the Federal Deposit Insurance Corporation (FDIC)?

37. $300 Question from Gov't Regulates stock exchanges, brokerage firms, and most businesses that issue stock.

38. $300 Answer from Gov't What is the Securities and Exchange Commission (SEC)?

39. $400 Question from Gov't Laws restricting the amount of interest that can be charged for credit

40. $400 Answer from Gov't What are usury laws?

41. $500 Question from Gov't 1974 law that prohibits discrimination in giving credit on the basis of sex, race, religion, marital status, age, or receipt of public assistance

42. $500 Answer from Gov't What is the Equal Credit Opportunity Act?

43. $100 Question from Misc. Not a line of credit, but allows customers to transfer money electronically from their bank account to stores or restaurants

44. $100 Answer from Misc. What are debit cards?

45. $200 Question from Misc. In credit, the name for the amount of money originally borrowed?

46. $200 Answer from Misc. What is the principal?

47. $300 Question from Misc. A loan guaranteed only by a promise to repay it

48. $300 Answer from Misc. What is an unsecured loan?

49. $400 Question from Misc. A private retirement plan that allows individuals or married couples to defer taxation on the interest they earn on their retirement savings

50. $400 Answer from Misc. What is an Individual Retirement Account (IRA)?

51. $500 Question from Misc. Spreading out your savings in several different types of accounts in order to lower overall risk

52. $500 Answer from Misc. What is diversification?

53. Final Jeopardy Explain why a bank may be more likely to make a first-time borrower a secured loan rather than an unsecured loan.

54. Final Jeopardy Answer A first time borrower has no credit history, so a secured loan would provide the bank with collateral in case the borrower defaults on the loan.