POWERPOINT JEOPARDY - Economics & Personal Finance

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Topic 2
Topic 3
Topic 4
Topic 5
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Question 1 - 100
• Joe tries to bargain at an electronic store but
is unable to negotiate a deal. What should his
next step be?
Answer 1 – 100
• Walk away
Question 1 - 200
• “The Lucky Seven” rules can get you incredible
deals on stuff you buy everyday, but they only
work if you:
Answer 1 – 20
• Use them
Question 1 - 300
• The Federal Trade Commission found that
people who work having more debt than they
can handle were more likely to be victims of
consumer fraud involving:
Answer 1 – 300
• Credit repair and debt consolidation
Question 1 - 400
• Name three ways why using cash is a great
bargaining tool:
Answer 1 – 400
• Immediacy
• Visual
• Emotional
Question 1 - 500
• Explain why students should learn about
personal finance?
Answer 1 – 500
• Learning to manage money at this stage can
eliminate financial mistakes and promote
huge financial benefits for the future.
Question 2 - 100
• What is NOT recommended if you are trying to
get a good deal?
Answer 2 – 100
• Buying only name-brand products
Question 2 - 200
• What is NOT recommended when selling
something?
Answer 2 – 200
• Find an uninformed buyer and charge them
more
Question 2 - 300
• Personal financial success is primarily a result
from what?
Answer 2 – 300
• Managing your money behavior
Question 2 - 400
• Name three consequences of spending more
than you make:
Answer 2 – 400
• Missed opportunity to save and invest
• Cycle of debt
• Stress
Question 2 - 500
• What best describes how Americans are being
outsmarted by banks and other lenders?
Answer 2 – 500
• Credit is marketed so well that we desire to
have it while completely dismissing the fact
that interest rates and fees continue to
destroy our financial well-being.
Question 3 – 100
• When it comes to managing money, success is
about ___% knowledge and ___% behavior.
Answer 3 – 100
• 20, 80
Question 3 - 200
• When it comes to personal finance, the math
is easy. What’s challenging is managing your
_________.
Answer 3 – 200
• Behavior
Question 3 - 300
• During the Great Depression, New Deal policy
makers came up with mortgage and consumer
lending policies that convinced commercial
bankers that:
Answer 3 – 300
• Consumer credit could be profitable
Question 3 - 400
• Name four common marketing tactics are:
Answer 3 – 400
• Personal selling, financing, repetition, and
product positioning
Question 3 – 500
• The widespread financial insecurity of
Americans is primarily because:
Answer 3 – 500
• The saving rate in America is low and many
borrow in order to spend more than they earn
Question 4 - 100
• What concept is best explained by statement,
“Money spent here cannot be spent there.”
Answer 4 – 100
• Opportunity Cost
Question 4 - 200
• Identify the method companies are using to
compete for your money: car salesman
Answer 4 – 200
• Personal selling
Question 4 - 300
• Dave tells a story of a man who bought his
dream car, drove it home, but then returned
the car the next day after some money
calculations. This story is an example of:
Answer 4 – 300
• Buyers remorse
Question 4 - 400
• The purpose of insurance is to:
Answer 4 – 400
• Transfer financial risk
Question 4 - 500
• List three things you should do when
communicating with your parents about
money:
Answer 4 – 500
• Communicate your wants, needs, and money
goals
• Be honest
• Be a good listener
Question 5 - 100
• Men tend to find good deals by:
Answer 5 – 100
• Negotiating
Question 5 - 200
• The number one cause of divorce in America
is:
Answer 5 – 200
• Money fights
Question 5 - 300
• For women, the _________ is the most
important key to financial security.
Answer 5 – 300
• Envelope System
Question 5 - 400
• Saving is about:
Answer 5 – 400
• Contentment and earning money
Question 5 - 500
• What does it mean to have a negative savings
rate?
Answer 5 – 500
• Spending more money then you make and
acquiring debt
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