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Personal Finance

Personal Finance. JEOPARDY. Final Exam Review. Definitions. Budgeting. Banking. Credit. Insurance. Potpourri. F i n a l J e o p a r d y. 100. 100. 100. 100. 100. 100. 100. 100. 200. 200. 200. 200. 200. 200. 200. 200. 300. 300. 300. 300. 300. 300. 300. 300. 400.

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Personal Finance

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  1. Personal Finance JEOPARDY Final Exam Review

  2. Definitions Budgeting Banking Credit Insurance Potpourri F i n a l J e o p a r d y 100 100 100 100 100 100 100 100 200 200 200 200 200 200 200 200 300 300 300 300 300 300 300 300 400 400 400 400 400 400 400 400 500 500 500 500 500 500 500 500

  3. 100 100 100 100 100 100 200 200 200 200 200 200 Question 300 300 300 300 300 300 400 400 400 400 400 400 500 500 500 500 500 500 Definitions100 The legal process in which some or all of a debtor’s assets are distributed among creditors b/c the debtor cannot pay his/her debts. A: What is bankruptcy?

  4. \\ 100 100 100 100 100 100 200 200 200 200 200 200 Question 300 300 300 300 300 300 400 400 400 400 400 400 500 500 500 500 500 500 Definitions200 The difference between the amount you own and the debts you owe. A: What is your net worth?

  5. 100 100 100 100 100 100 200 200 200 200 200 200 Question 300 300 300 300 300 300 400 400 400 400 400 400 500 500 500 500 500 500 Definitions300 Extra money that can be spent, saved or invested after taxes and necessities. A: What is discretionary income?

  6. 100 100 100 100 100 100 200 200 200 200 200 200 Question 300 300 300 300 300 300 400 400 400 400 400 400 500 500 500 500 500 500 Definitions400 The process of matching your checkbook balance with the bank statement balance. A: What is a reconciliation?

  7. 100 100 100 100 100 100 200 200 200 200 200 200 Question 300 300 300 300 300 300 400 400 400 400 400 400 500 500 500 500 500 500 Definitions500 Allows credit card companies to increase your interest rate if you make just one late payment. A: What is universal default?

  8. 100 100 100 100 100 100 100 100 100 100 100 100 200 200 200 200 200 200 200 200 200 200 200 200 Question 300 300 300 300 300 300 300 300 300 300 300 300 400 400 400 400 400 400 400 400 400 400 400 400 500 500 500 500 500 500 500 500 500 500 500 500 Budgeting100 Cash and items that can be quickly converted to cash. A: What are liquid assets?

  9. 100 100 100 100 100 100 200 200 200 200 200 200 Question 300 300 300 300 300 300 400 400 400 400 400 400 500 500 500 500 500 500 Budgeting200 Your budget shows a surplus when _______________. A: What is you spend less than you earn?

  10. 100 100 100 100 100 100 200 200 200 200 200 200 Question 300 300 300 300 300 300 400 400 400 400 400 400 500 500 500 500 500 500 Budgeting300 The method of planning how to get the most from your money. A: What is money management?

  11. 100 100 100 100 100 100 200 200 200 200 200 200 Question 300 300 300 300 300 300 400 400 400 400 400 400 500 500 500 500 500 500 Budgeting400 A situation that occurs if a person spends more than he/she earns. A: What is a deficit?

  12. 100 100 100 100 100 100 200 200 200 200 200 200 Question 300 300 300 300 300 300 400 400 400 400 400 400 500 500 500 500 500 500 Budgeting500 SMART stands for ______________. A: What is S=Specific M=Measurable A=Attainable R=Realistic T=Time Bound?

  13. 100 100 100 100 100 100 200 200 200 200 200 200 Question 300 300 300 300 300 300 400 400 400 400 400 400 500 500 500 500 500 500 Banking100 The funds for a debit card come directly from this account. A: What is a checking account?

  14. 100 100 100 100 100 100 200 200 200 200 200 200 Question 300 300 300 300 300 300 400 400 400 400 400 400 500 500 500 500 500 500 Banking200 Writing the words “For Deposit Only” on the back of a check before your name constitutes this endorsement. A: What is restrictive?

  15. 100 100 100 100 100 100 200 200 200 200 200 200 Question 300 300 300 300 300 300 400 400 400 400 400 400 500 500 500 500 500 500 Banking300 The responsible person for reporting identity theft. A: Who is the victim of fraud?

  16. 100 100 100 100 100 100 200 200 200 200 200 200 Question 300 300 300 300 300 300 400 400 400 400 400 400 500 500 500 500 500 500 Banking400 The financial service best suited for saving money over a period of time. A: What is a Certificate of Deposit?

  17. 100 100 100 100 100 100 200 200 200 200 200 200 Question 300 300 300 300 300 300 400 400 400 400 400 400 500 500 500 500 500 500 Banking500 When the bank withdraws money from your account to pay for a bill. A: What is automatic payment?

  18. 100 100 100 100 100 100 200 200 200 200 200 200 Question 300 300 300 300 300 300 400 400 400 400 400 400 500 500 500 500 500 500 Credit100 Name the 4 C’s. A: What is Capital, Collateral, Capacity and Character?

  19. 100 100 100 100 100 100 200 200 200 200 200 200 Question 300 300 300 300 300 300 400 400 400 400 400 400 500 500 500 500 500 500 Credit200 Prohibits discrimination in giving credit on the basis of sex, race, color, religion, national origin, marital status, age, or receipt of public assistance. A: What is the Equal Credit Opportunity Act?

  20. 100 100 100 100 100 100 200 200 200 200 200 200 Question 300 300 300 300 300 300 400 400 400 400 400 400 500 500 500 500 500 500 Credit300 A periodic charge for using credit. A: What is interest?

  21. 100 100 100 100 100 100 200 200 200 200 200 200 Question 300 300 300 300 300 300 400 400 400 400 400 400 500 500 500 500 500 500 Credit400 One of the 4 C’s that requires a person’s assets exceed their liabilities. A: What is Capital?

  22. 100 100 100 100 100 100 200 200 200 200 200 200 Question 300 300 300 300 300 300 400 400 400 400 400 400 500 500 500 500 500 500 Credit500 The time permitted for paying an account without an interest charge. A: What is the Grace Period?

  23. 100 100 100 100 100 100 200 200 200 200 200 200 Question 300 300 300 300 300 300 400 400 400 400 400 400 500 500 500 500 500 500 Insurance100 Liability insurance protects you against _____. A: What are lawsuits?

  24. 100 100 100 100 100 100 200 200 200 200 200 200 Question 300 300 300 300 300 300 400 400 400 400 400 400 500 500 500 500 500 500 Insurance200 Insurance coverage that reimburses a car owner if the car is stolen. A: What is comprehensive?

  25. 100 100 100 100 100 100 200 200 200 200 200 200 Question 300 300 300 300 300 300 400 400 400 400 400 400 500 500 500 500 500 500 Insurance300 Out-of-pocket expense on an automobile or property insurance claim. A: What is the deductible?

  26. 100 100 100 100 100 100 200 200 200 200 200 200 Question 300 300 300 300 300 300 400 400 400 400 400 400 500 500 500 500 500 500 Insurance400 While driving, you swerve to miss a goose in the road and hit a tree. This type of insurance will provide reimbursement for damage to your car. A: What is collision?

  27. 100 100 100 100 100 100 200 200 200 200 200 200 Question 300 300 300 300 300 300 400 400 400 400 400 400 500 500 500 500 500 500 Insurance500 Name the 2 most important types of insurance you need at your age. A: What is health and automobile?

  28. 100 100 100 100 100 100 200 200 200 200 200 200 Question 300 300 300 300 300 300 400 400 400 400 400 400 500 500 500 500 500 500 Potpourri100 A belief or idea you consider important or desirable. A: What is a value?

  29. 100 100 100 100 100 100 200 200 200 200 200 200 Question 300 300 300 300 300 300 400 400 400 400 400 400 500 500 500 500 500 500 Potpourri 200 The maximum amount you can charge on your credit card. A: What is your credit limit?

  30. 100 100 100 100 100 100 200 200 200 200 200 200 Question 300 300 300 300 300 300 400 400 400 400 400 400 500 500 500 500 500 500 Potpourri 300 The financial institution that generally charges the highest interest rates on loans. A: What are finance companies?

  31. 100 100 100 100 100 100 200 200 200 200 200 200 Question 300 300 300 300 300 300 400 400 400 400 400 400 500 500 500 500 500 500 Potpourri 400 The FDIC insures each account in a federally chartered bank up to this amount. A: What are $250,000?

  32. 100 100 100 100 100 100 200 200 200 200 200 200 Question 300 300 300 300 300 300 400 400 400 400 400 400 500 500 500 500 500 500 Potpourri 500 If a check is lost or stolen, you would ask the bank for a _______. A: What are stop-payment order?

  33. 100 100 100 100 100 100 200 200 200 200 200 200 Question 300 300 300 300 300 300 400 400 400 400 400 400 500 500 500 500 500 500 Final Jeopardy Calculate the net cash flow:Jane’s take home pay is $900 and she has $45 in savings. Jane has the following expenses: fixed = $320 and variable = $465. A: $160.00

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