Transcript GRUDGE BALL

GRUDGE BALL
How to play
• Break up into 5 or 6 teams
• Each team starts with 20 “X’s”
• Each team gets a question
– If you get it right, you get to remove 1 “X” from another team’s board
– If you get it wrong, you must remove 1 “X” from your board
• BUT before you remove the “X”, you have a chance to increase the
ability to get other teams to hate them
– From the 1st line = 1 extra “X’s”
– From the 2nd line = 2 extra “X’s”
– You may take them all from one team or split them up
• Each team takes turns
• No more “X’s”? You’re out.
– BUT you can get back on the board.
• Answer a question correctly AND take a shot. YOU MUST do both! Make the
shot, you’re back on the board
• 1st line = 2 “X’s”
• 2nd line = 3 “X’s”
A large, professionally managed
group of diversified investments
Mutual Fund
The standard American
greeting
The Handshake
True or False:
Indemnification is the process of
enriching the policyholder
False
True or False:
Corporations must pay dividends to
stockholders regardless of profits
False
True or False:
Liquidity is a major advantage to regular
savings accounts
True
The single greatest cost of new
car ownership
Depreciation
True or False:
Your home address is included in your
resume
True
True or False:
A resume that bullet points the tasks that you
performed for each job allows an interviewer to
easily see your skills
True
True or false:
banks usually charge fees for
processing overdrafts
True
Tax deferred retirement savings plan
available to self-employed individuals &
their employees
Keogh Plan
True or False:
A credit rating of 600 or less means you
pay your bills early and pay more than
the minimum
False
True or False:
used car dealers usually offer vehicles
that are newer than those available at
new car dealers
False
A large, professionally managed
group of diversified investments
Mutual Fund
True or False:
the more risk you are willing to take in
investing, the more you stand to gain or
lose
Ture
True or False:
CD’s are less liquid than regular savings
accounts
True
True or False:
The payee is the person authorized to
write checks on an account
False
True or False:
bait and switch tactics can be
recognized by the wise consumer who
knows products and prices
True
Everyone is a _______
Consumer
True or False:
The second paragraph of the cover letter
deals with qualifications
True
True or False:
A renter’s policy will protect personal
property as well as the apartment
building
False
True or False:
Real estate and collectibles are low risk
investments
False
True or False:
Credit cards are open-ended credit
True
A company allowance for full-time
employees whereby they are paid even
though they are absent for a day or two
from work
Paid Time Off/ Vacation Time
Is child support taxable income?
No
True or False:
The 20/10 rule advises that you never
borrow more than 10% of your yearly
income
False
When two people share what was
originally a full-time position
Job Sharing
What states what the manufacturer will
do if the car doesn’t perform as it
should?
Warranty
A company plan whereby employees
receive a portion of the earnings of the
company
Profit Sharing
True or False:
The recommended level of auto liability
is 25/50/10
True
True or False:
A ponzi scheme is a good investment
False
Date when your taxes are due
April 15th
When listing your past jobs on your
resume, how should they be listed?
Most recent first
True or False:
banks to not have to tell consumers the
actual APy of their accounts
False
What is gross income?
Income before anything has been
taken out
The depositor’s record of checking
account transactions
Check Book Register
Name 3 things that will affect your auto
insurance cost?
Age, Driving Record, Gender,
Type of Car, Color of Car
A check written by the bank on its own
funds
Cashier’s Check
What can you use to learn about the
history of a specific vehicle?
VIN Number
Vehicle Identification Number
What is a variable cost of owning a car?
Gas and oil
What can you do to extend the life of
your car?
Regular Maintenance
True or False:
Credit can greatly expand your
purchasing potential and raise your
standard of living
True
True or False:
Compound interest is earning interest on
interest and principal
True
What does s-m-a-r-t stand for?
Specific, Measureable, Attainable,
Relevant, Time Bound
Antiques and coins are known as what
kind of investment?
Collectible
What are your required deductions
Federal Income Tax, State Income
Tax, Social Security, and Medicare
True or False:
you have a right to know what is in your
credit file and wo has seen it for credit
purposes
True
True or False:
Good way to get started with credit is to
open up a saving account
True
What makes up fica?
Social Security and Medicare
True or False:
References should be included on your
resume
True
True or False:
A good place to learn about a car is from
the BBB website
False
True or False:
When making an offer, you should be
sure to let the seller know how much you
love the car
False
True or False:
Proof of loss is not required before an
insurance claim can be made
False
True or False:
short-term needs include home
ownership, children’s education, and
retirement
False
True or False:
Government bonds are when you loan
the government money
True
True or False:
regular savings accounts earn more
interest than a Cd
False
True or False:
interest rates are expressed as a
percentage
True
The fee paid by the policy holder of an
insurance company
Premium
True or False:
Risk is the financial loss from perils to
property or people
True
True or False:
money you owe is called the balance
False