Personal Finance
As long as answer is supported with reasoning
Why should you invest your money?
To grow your money faster than inflation
What is a 401(k)
an employer-sponsored, tax-advantaged retirement savings plan
Name all of Betty Nahn’s Kids (and cats for an extra 200)?
Geneva, Sienna, Wicket, Penny
what is Geneva’s favorite color
Orange (like Cheetos for an extra 10000 points)
Name one good way of saving for retirement
Many answers are acceptable
What usually happens with higher potential rewards?
Higher risk
Where did Betty Nhan go to college?
Harvard
What days does Betty Nhan work?
Monday, Tuesday, and every other Wednesday
When’s the Geneva’s birthday
April 29th
300-1. 2ClF(g) + O2(g) ↔ Cl2O(g) + F2O(g) ΔH = 167 kJ/molrxn -----During the reaction above, the product yield can be increased by increasing the temperature of the reaction. Why is this effective?
A. The reaction is endothermic; therefore, adding heat will shift it to the right.
Name 3 types of investments
Stocks, bonds, mutual funds, commodities, cryptocurrencies, real estate, etc.
Capital gain/loss
profit or loss generated from selling a capital asset
Why did Betty Nhan get mad at Richard “Chardizard” Hornbuckle?
MORGAN CASTLE
What is Geneva’s middle name
Sophie
Name the difference between a credit and debit card
Many answers acceptable.
What’s the rule of investing based on your age?
The older you get, the less stocks you should invest in (they’re volatile) and more bonds you should have
Mutual funds
Diversified portfolio of stocks, bonds, etc.
Where did Betty Nhan grow up?
New York China town
In what grade did Geneva first get glasses
3rd grade
Generally, what percent of your gross monthly income should you spend on rent/housing
No more than 30%
List 2 relatively safe investment options
Savings accounts, CDs, bonds, etc
Rule of 72
A general rule of thumb used to determine how long it should take to double ones money.
where was Betty Nhan supposed to go on her honeymoon but could not because Micheal Kim FORGOT to get the plane tickets in time?
New Zealand (for an extra 3000 points they ended up being Hawaii)
what shirt was Geneva wearing on the 15th of January?
American society for gravitational and space research