Ms. WagemakerCoginchaug Reginoal High School

Personal Finance Jeopardy

Credit InsuranceThe 5 C’s of

Credit Savings

100 100 100 100200 200 200 200300 300 300 300400 400 400 400500 500 500 500

Credits

Exit

CreditWhich 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

CreditWhich 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

Credit $200Which 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.

Credit $200Which 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 cardYour credit score went down.

Credit $300Currently what is the range of possible credit

scores?

A.0 - 800B.300 - 850C.100-750 D.500 - 850

Credit $300Currently what is the range of possible credit

scores?

A.0 - 800

B.300 - 850C.100-750 D.500 - 850

Credit $400What 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.

Credit $400What 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

Credit $500What do you call the type of loan/credit that

does not have any collateral? Examples would be credit cards and personal loans.

Credit $500What do you call the type of loan/credit

that does not have any collateral? Examples would be credit cards and

personal loans.

Unsecured

Insurance $100The price you pay for insurance coverage

Insurance $100The price you pay for insurance coverage

PREMIUM

Insurance $200The amount the insured person pays out of

pocket for each loss

Insurance $200The amount the insured person pays out of

pocket for each loss

DEDUCTIBLE

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.

Insurance $300This type of insurance will provide you with

some income in case you are unable to work due to an injury or illness.

DISABILITY INCOME

Insurance $400This type of insurance will help pay for your

funeral expenses and provide money for your dependents in the event of your death

Insurance $400This type of insurance will help pay for your

funeral expenses and provide money for your dependents in the event of your death

LIFE INSURANCE

Insurance $500This type of insurance covers you against

losses that might occur to the building you own

Insurance $500This type of insurance covers you against

losses that might occur to the building you own

HOMEOWNERS

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

assetsfund

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

assets

CAPITAL

5 C’s of Credit $200The current state of the economy – this will

affect your interest rate and how willing creditors are to give you credit

5 C’s of Credit $200The current state of the economy – this will

affect your interest rate and how willing creditors are to give you credit

CONDITIONS

5 C’s of Credit $300What you are given in exchange for the

loan/credit. What the creditor can “take back” if you default on your loan.

5 C’s of Credit $300What you are given in exchange for the

loan/credit. What the creditor can “take back” if you default on your loan.

COLLATERAL

5 C’s of Credit $400Your financial history – how well you have (or

haven’t) paid off any previous credit. Your credit score is a strong indicator of this….

5 C’s of Credit $400Your financial history – how well you have (or

haven’t) paid off any previous credit. Your credit score is a strong indicator of this….

CHARACTER

5 C’s of Credit $500Your current ability to repay a loan/credit.

Your current income is the big determinant of this….

5 C’s of Credit $500Your current ability to repay a loan/credit.

Your current income is the big determinant of this….

CAPACITY

Savings $100A basic savings account has high __________

because you can withdraw funds from it without penalty and easily convert the funds into cash.

Savings $100A basic savings account has high __________

because you can withdraw funds from it without penalty and easily convert the funds into cash.

LIQUIDITY

Savings $200Which method of calculating interest will earn

you the MOST money over time?Simple interestCompounded dailyCompounded monthlyCompounded annually

Savings $200Which method of calculating interest will earn

you the MOST money over time?Simple interest

Compounded dailyCompounded monthlyCompounded annually

Savings $300Using the Rule of 72, how many years will it

take to double your investment if your earnings rate is 5% ?

____________

Savings $300Using 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

Savings $400Saving for a skateboard is what kind of a goal:Short TermMedium TermLong Term

Savings $400Saving for a skateboard is what kind of a goal:

Short TermMedium TermLong Term

Savings $500What does CD stand for when it comes to a

savings product?

Savings $500What does CD stand for when it comes to a

savings product?

Certificate of Deposit