Financial Trivia Supplement for Lesson 4: Back to
Description: Financial Trivia Supplement for Lesson 4: Back to School Financial tRivia This is the knowledge, talent, and skills that people possess. Category: Invest in Yourself Value: 100 Answer Financial tRivia ANSWER HUMAN CAPITAL Category: Invest
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slide2. Financial Trivia Supplement for Lesson 4:
Back to School<br>
slide3. Financial tRivia<br>
slide4. This is the knowledge, talent, and skills that people possess. Category: Invest in Yourself
Value: $100 Answer Financial tRivia<br>
slide5. ANSWER
HUMAN CAPITAL Category: Invest in Yourself
Value: $100 Financial tRivia Back to Game Board<br>
slide6. Category: Invest in Yourself
Value: $200 Answer Going to school, pursuing additional training,
and developing skills are examples of this. Financial tRivia<br>
slide7. ANSWER
WAYS TO GROW HUMAN CAPITAL Category: Invest in Yourself
Value: $200 Financial tRivia Back to Game Board<br>
slide8. Typically, as you gain more education, your income will do this. Category: Invest in Yourself
Value: $300 Answer Financial tRivia<br>
slide9. ANSWER
INCREASE Category: Invest in Yourself
Value: $300 Financial tRivia Back to Game Board<br>
slide10. Statistics show that the higher your level
of education, the less likely you are
to experience this. Category: Invest in Yourself
Value: $400 Answer Financial tRivia<br>
slide11. ANSWER
UNEMPLOYMENT Category: Invest in Yourself
Value: $400 Financial tRivia Back to Game Board<br>
slide12. This is the name of the form you should
fill out when planning how you will
finance post-secondary education. Category: Invest in Yourself
Value: $500 Answer Financial tRivia<br>
slide13. ANSWER
FAFSA
(FREE APPLICATION FOR FEDERAL STUDENT AID) Category: Invest in Yourself
Value: $500 Financial tRivia Back to Game Board<br>
slide14. These are the payments people receive for providing labor in the marketplace. Category: Easy Come, Easy Go
Value: $100 Answer Financial tRivia<br>
slide15. ANSWER
WAGES OR SALARIES Category: Easy Come, Easy Go
Value: $100 Financial tRivia Back to Game Board<br>
slide16. This is the money an institution pays you
for use of your funds. Category: Easy Come, Easy Go
Value: $200 Answer Financial tRivia<br>
slide17. ANSWER
INTEREST Category: Easy Come, Easy Go
Value: $200 Financial tRivia Back to Game Board<br>
slide18. These are a required payment to the government on income. Category: Easy Come, Easy Go
Value: $300 Answer Financial tRivia<br>
slide19. ANSWER
TAXES Category: Easy Come, Easy Go
Value: $300 Financial tRivia Back to Game Board<br>
slide20. Cash, check, debit card,
credit card, and automatic payment are examples of this. Category: Easy Come, Easy Go
Value: $400 Answer Financial tRivia<br>
slide21. ANSWER
METHODS OF PAYMENT Category: Easy Come, Easy Go
Value: $400 Financial tRivia Back to Game Board<br>
slide22. This is the type of income that reflects
what you earn after taxes. Category: Easy Come, Easy Go
Value: $500 Answer Financial tRivia<br>
slide23. ANSWER
NET INCOME Category: Easy Come, Easy Go
Value: $500 Financial tRivia Back to Game Board<br>
slide24. This is an itemized summary of probable income
and expenses for a given period. Category: My Money
Value: $100 Answer Financial tRivia<br>
slide25. ANSWER
BUDGET Category: My Money
Value: $100 Financial tRivia Back to Game Board<br>
slide26. This is a term for the outgoing cash flow
from your budget. Category: My Money
Value: $200 Answer Financial tRivia<br>
slide27. ANSWER
EXPENSES Category: My Money
Value: $200 Financial tRivia Back to Game Board<br>
slide28. These are the two categories of expenses. Category: My Money
Value: $300 Answer Financial tRivia<br>
slide29. ANSWER
FIXED AND VARIABLE Category: My Money
Value: $300 Financial tRivia Back to Game Board<br>
slide30. These are the tools you would
use for saving money. Category: My Money
Value: $400 Answer Financial tRivia<br>
slide31. ANSWER
SAVINGS ACCOUNT, MONEY MARKET DEPOSIT ACCOUNT,
CERTIFICATE OF DEPOSIT, SAVINGS BONDS Category: My Money
Value: $400 Financial tRivia Back to Game Board<br>
slide32. This is the formula used to find the length of time, in years, it takes an amount of money saved to double when it receives compound interest. Category: My Money
Value: $500 Answer Financial tRivia<br>
slide33. ANSWER
RULE OF 72 Category: My Money
Value: $500 Financial tRivia Back to Game Board<br>
slide34. This is disposable income minus consumption. Category: Here We Grow Again
Value: $100 Answer Financial tRivia<br>
slide35. ANSWER
SAVINGS Category: Here We Grow Again
Value: $100 Financial tRivia Back to Game Board<br>
slide36. These are reasons for saving. Category: Here We Grow Again
Value: $200 Answer Financial tRivia<br>
slide37. ANSWER
EMERGENCIES, FUTURE NEEDS, ACHIEVE LONG-TERM FINANCIAL GOALS, GROWTH OF FUNDS Category: Here We Grow Again
Value: $200 Financial tRivia Back to Game Board<br>
slide38. This is the original amount of money deposited. Category: Here We Grow Again
Value: $300 Answer Financial tRivia<br>
slide39. ANSWER
PRINCIPAL Category: Here We Grow Again
Value: $300 Financial tRivia Back to Game Board<br>
slide40. This is the kind of interest paid only on the principal amount deposited into the account. Category: Here We Grow Again
Value: $400 Answer Financial tRivia<br>
slide41. ANSWER
SIMPLE INTEREST Category: Here We Grow Again
Value: $400 Financial tRivia Back to Game Board<br>
slide42. This is what an account will earn
if funds are kept on deposit
for an agreed-upon term. Category: Here We Grow Again
Value: $500 Answer Financial tRivia<br>
slide43. ANSWER
INTEREST Category: Here We Grow Again
Value: $500 Financial tRivia Back to Game Board<br>
slide44. This involves making a long-term commitment
to put money away and let it grow. Category: Can’t Touch This
Value: $100 Answer Financial tRivia<br>
slide45. ANSWER
INVESTING Category: Can’t Touch This
Value: $100 Financial tRivia Back to Game Board<br>
slide46. Typically, if you would like to earn
a higher rate of return on an investment,
you will need to take on more of this. Category: Can’t Touch This
Value: $200 Answer Financial tRivia<br>
slide47. ANSWER
RISK Category: Can’t Touch This
Value: $200 Financial tRivia Back to Game Board<br>
slide48. This is the method of computing interest where
the interest rate is applied to the principal
and any earned interest (often referred to as “interest on interest”). Category: Can’t Touch This
Value: $300 Answer Financial tRivia<br>
slide49. ANSWER
COMPOUND INTEREST Category: Can’t Touch This
Value: $300 Financial tRivia Back to Game Board<br>
slide50. This is one of the primary differences between a savings account and an investment vehicle. Category: Can’t Touch This
Value: $400 Answer Financial tRivia<br>
slide51. ANSWER
SAVINGS ACCOUNTS ARE FDIC- OR NCUA-INSURED. Category: Can’t Touch This
Value: $400 Financial tRivia Back to Game Board<br>
slide52. The funds in an account will grow more quickly if they do this more frequently. Category: Can’t Touch This
Value: $500 Answer Financial tRivia<br>
slide53. ANSWER
COMPOUND Category: Can’t Touch This
Value: $500 Back to Game Board Financial tRivia<br>
slide54. Katrina’s Classroom was developed by a team of Senior Economic and Financial Education Specialists at the Federal Reserve Bank of Atlanta. Claire Loup, New Orleans Branch Julie Kornegay, Birmingham Branch Jackie Morgan, Nashville Branch For additional classroom resources and professional development opportunities, please visit www. frbatlanta.org/edresources 21<br>
Back to School<br>
slide3. Financial tRivia<br>
slide4. This is the knowledge, talent, and skills that people possess. Category: Invest in Yourself
Value: $100 Answer Financial tRivia<br>
slide5. ANSWER
HUMAN CAPITAL Category: Invest in Yourself
Value: $100 Financial tRivia Back to Game Board<br>
slide6. Category: Invest in Yourself
Value: $200 Answer Going to school, pursuing additional training,
and developing skills are examples of this. Financial tRivia<br>
slide7. ANSWER
WAYS TO GROW HUMAN CAPITAL Category: Invest in Yourself
Value: $200 Financial tRivia Back to Game Board<br>
slide8. Typically, as you gain more education, your income will do this. Category: Invest in Yourself
Value: $300 Answer Financial tRivia<br>
slide9. ANSWER
INCREASE Category: Invest in Yourself
Value: $300 Financial tRivia Back to Game Board<br>
slide10. Statistics show that the higher your level
of education, the less likely you are
to experience this. Category: Invest in Yourself
Value: $400 Answer Financial tRivia<br>
slide11. ANSWER
UNEMPLOYMENT Category: Invest in Yourself
Value: $400 Financial tRivia Back to Game Board<br>
slide12. This is the name of the form you should
fill out when planning how you will
finance post-secondary education. Category: Invest in Yourself
Value: $500 Answer Financial tRivia<br>
slide13. ANSWER
FAFSA
(FREE APPLICATION FOR FEDERAL STUDENT AID) Category: Invest in Yourself
Value: $500 Financial tRivia Back to Game Board<br>
slide14. These are the payments people receive for providing labor in the marketplace. Category: Easy Come, Easy Go
Value: $100 Answer Financial tRivia<br>
slide15. ANSWER
WAGES OR SALARIES Category: Easy Come, Easy Go
Value: $100 Financial tRivia Back to Game Board<br>
slide16. This is the money an institution pays you
for use of your funds. Category: Easy Come, Easy Go
Value: $200 Answer Financial tRivia<br>
slide17. ANSWER
INTEREST Category: Easy Come, Easy Go
Value: $200 Financial tRivia Back to Game Board<br>
slide18. These are a required payment to the government on income. Category: Easy Come, Easy Go
Value: $300 Answer Financial tRivia<br>
slide19. ANSWER
TAXES Category: Easy Come, Easy Go
Value: $300 Financial tRivia Back to Game Board<br>
slide20. Cash, check, debit card,
credit card, and automatic payment are examples of this. Category: Easy Come, Easy Go
Value: $400 Answer Financial tRivia<br>
slide21. ANSWER
METHODS OF PAYMENT Category: Easy Come, Easy Go
Value: $400 Financial tRivia Back to Game Board<br>
slide22. This is the type of income that reflects
what you earn after taxes. Category: Easy Come, Easy Go
Value: $500 Answer Financial tRivia<br>
slide23. ANSWER
NET INCOME Category: Easy Come, Easy Go
Value: $500 Financial tRivia Back to Game Board<br>
slide24. This is an itemized summary of probable income
and expenses for a given period. Category: My Money
Value: $100 Answer Financial tRivia<br>
slide25. ANSWER
BUDGET Category: My Money
Value: $100 Financial tRivia Back to Game Board<br>
slide26. This is a term for the outgoing cash flow
from your budget. Category: My Money
Value: $200 Answer Financial tRivia<br>
slide27. ANSWER
EXPENSES Category: My Money
Value: $200 Financial tRivia Back to Game Board<br>
slide28. These are the two categories of expenses. Category: My Money
Value: $300 Answer Financial tRivia<br>
slide29. ANSWER
FIXED AND VARIABLE Category: My Money
Value: $300 Financial tRivia Back to Game Board<br>
slide30. These are the tools you would
use for saving money. Category: My Money
Value: $400 Answer Financial tRivia<br>
slide31. ANSWER
SAVINGS ACCOUNT, MONEY MARKET DEPOSIT ACCOUNT,
CERTIFICATE OF DEPOSIT, SAVINGS BONDS Category: My Money
Value: $400 Financial tRivia Back to Game Board<br>
slide32. This is the formula used to find the length of time, in years, it takes an amount of money saved to double when it receives compound interest. Category: My Money
Value: $500 Answer Financial tRivia<br>
slide33. ANSWER
RULE OF 72 Category: My Money
Value: $500 Financial tRivia Back to Game Board<br>
slide34. This is disposable income minus consumption. Category: Here We Grow Again
Value: $100 Answer Financial tRivia<br>
slide35. ANSWER
SAVINGS Category: Here We Grow Again
Value: $100 Financial tRivia Back to Game Board<br>
slide36. These are reasons for saving. Category: Here We Grow Again
Value: $200 Answer Financial tRivia<br>
slide37. ANSWER
EMERGENCIES, FUTURE NEEDS, ACHIEVE LONG-TERM FINANCIAL GOALS, GROWTH OF FUNDS Category: Here We Grow Again
Value: $200 Financial tRivia Back to Game Board<br>
slide38. This is the original amount of money deposited. Category: Here We Grow Again
Value: $300 Answer Financial tRivia<br>
slide39. ANSWER
PRINCIPAL Category: Here We Grow Again
Value: $300 Financial tRivia Back to Game Board<br>
slide40. This is the kind of interest paid only on the principal amount deposited into the account. Category: Here We Grow Again
Value: $400 Answer Financial tRivia<br>
slide41. ANSWER
SIMPLE INTEREST Category: Here We Grow Again
Value: $400 Financial tRivia Back to Game Board<br>
slide42. This is what an account will earn
if funds are kept on deposit
for an agreed-upon term. Category: Here We Grow Again
Value: $500 Answer Financial tRivia<br>
slide43. ANSWER
INTEREST Category: Here We Grow Again
Value: $500 Financial tRivia Back to Game Board<br>
slide44. This involves making a long-term commitment
to put money away and let it grow. Category: Can’t Touch This
Value: $100 Answer Financial tRivia<br>
slide45. ANSWER
INVESTING Category: Can’t Touch This
Value: $100 Financial tRivia Back to Game Board<br>
slide46. Typically, if you would like to earn
a higher rate of return on an investment,
you will need to take on more of this. Category: Can’t Touch This
Value: $200 Answer Financial tRivia<br>
slide47. ANSWER
RISK Category: Can’t Touch This
Value: $200 Financial tRivia Back to Game Board<br>
slide48. This is the method of computing interest where
the interest rate is applied to the principal
and any earned interest (often referred to as “interest on interest”). Category: Can’t Touch This
Value: $300 Answer Financial tRivia<br>
slide49. ANSWER
COMPOUND INTEREST Category: Can’t Touch This
Value: $300 Financial tRivia Back to Game Board<br>
slide50. This is one of the primary differences between a savings account and an investment vehicle. Category: Can’t Touch This
Value: $400 Answer Financial tRivia<br>
slide51. ANSWER
SAVINGS ACCOUNTS ARE FDIC- OR NCUA-INSURED. Category: Can’t Touch This
Value: $400 Financial tRivia Back to Game Board<br>
slide52. The funds in an account will grow more quickly if they do this more frequently. Category: Can’t Touch This
Value: $500 Answer Financial tRivia<br>
slide53. ANSWER
COMPOUND Category: Can’t Touch This
Value: $500 Back to Game Board Financial tRivia<br>
slide54. Katrina’s Classroom was developed by a team of Senior Economic and Financial Education Specialists at the Federal Reserve Bank of Atlanta. Claire Loup, New Orleans Branch Julie Kornegay, Birmingham Branch Jackie Morgan, Nashville Branch For additional classroom resources and professional development opportunities, please visit www. frbatlanta.org/edresources 21<br>