MILLIONAIRE SCOREBOARD

MILLIONAIRE SCOREBOARD $16,000 $1 MILLION $8,000 $4,000 $500,000 $2,000 $250,000 $1,000 $125,000 $500 $64,000 $300 $32,000 $200 Click the $ for questions $100

What amount of money the FDIC pay if an insured bank fails? • A: $250,000 • B: $200,000 • C: $50,000 • D: $100,000 Click on the letter of the correct answer $100 Question

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Correct! SCORE $100 Click on the money bag to return to the scoreboard

What is the current market value of a home minus any mortgage balance? • A:Profit • B:Home Equity • C:Protection Equity • D:Fair Market Value Click on the letter of the correct answer $200 Question

What is the act of obtaining credit, assets or money through false pretenses? • A:Smart Finances • B:Stealing • C: Bank Fraud • D:Kiting Click on the letter of the correct answer $300 Question

Tammy obtained a loan with an interest rate of 39.99% from a bank. Which law did this financial institution violate? • A:Credit Card Act of 2009 • B:Truth in Lending • C:Fair Credit Reporting Act • D:Usury Law Click on the letter of the correct answer $1,000 Question

$1000 Question • A:Chapter 13 • B:Chapter 7 • C:Chapter 11 • D:Chapter 12 Bart has no chance of getting out of debt and needs to liquidate all his belongings to pay creditors. Bart should file for which type of bankruptcy? Click on the letter of the correct answer $1,000 Question

Correct! SCORE $1,000 Click on the money bag to return to the scoreboard

$2000 Question • A:Equal Credit Opportunity Act • B:Fair Credit Billing Act • C:Fair Credit Reporting Act • D:Fair Debt Collections Act Joan is concerned she will be turned down for a loan because she is a single female. What law protects her against this concern? Click on the letter of the correct answer $2,000 Question

$4000 Question • A:Truth in Lending • B:Electronic Fund Transfer • C:Thift and Bank Fraud • D:Credit Card Act of 2009 Jason lost his credit card while on a recent trip. Which act will limit his liability? Click on the letter of the correct answer $4,000 Question

$8000 Question • A:Credit Card Act of 2009 • B:Usury Law • C:Truth in Lending • D:Fair Credit Reporting VISA increased Jimmy's interest rate from 10.99% to 15.99% without notifying him of this change in writing.Which law did VISA violate? Click on the letter of the correct answer $8,000 Question

$16000 Question • A:Fair Credit Billing • B:Fair Credit Reporting • C:Fair Debt Collections • D:Equal Credit Opportunity Vince is being threatened by his credit card company after falling behind in his payments. What law protects him against this concern? Click on the letter of the correct answer $16,000 Question

John wants to add his new wife to his existing life insurance policy. Which type of insurance will John purchase? $32000 Question • A:Long Term Care • B:Dental • C:Accident Death &Dismemberment • D:Spouse Rider Click on the letter of the correct answer $32,000 Question

On her 65th birthday, Teresa needs health care for a medical procedure. What type of social security benefit can she receive? $64000 Question • A:Medicare • B:Disability • C:Retirement • D:Survivors Click on the letter of the correct answer $64,000 Question

A:Auto • B:Life • C: Homeowners • D:Renters During a recent violent storm in Kate's town, a large oak tree fell through the middle of her living room. Which type of insurance will cover the damages? $125000 Question Click on the letter of the correct answer $125,000 Question

The Smith’s financial budget is tight, but they need more life insurance protection. What kind of policy would be the BEST BUY for the Smith’s? $250000 Question • A:Comprehensive • B:Liability • C: Whole • D:Term Click on the letter of the correct answer $250,000 Question

$500000 Question • A:Heirs • B:Contingent Beneficiaries • C:Beneficiaries • D:Insureds Mr. and Mrs. Smith are concerned about dying together in an auto accident. To be sure their children get the life insurance money, how should the children be listed in the policy? Click on the letter of the correct answer $500,000 Question

$1 Million Question • A:Life • B:Auto • C:Homeowners • D:Renters Linda stepped into a hole and fractured her ankle while delivering a package to Carol's residence. Which type of insurance would cover her injuries? Click on the letter of the correct answer $500,000 Question

Correct! SCORE $1 MILION

MILLIONAIRE SCOREBOARD