Lifesmarts.org
If your credit card has been lost or stolen, your first call should be to whom.
What is the credit card issuer?
This is the term for a bond that is issued for less than the amount of its face value.
What is a discount?
The two divisions of the Econ Challenge are named for David Smith and this economist who wrote "The Wealth of Nations" in 1776 and is often regarded as the father of modern economics.
Who is Adam Smith?
This is a company’s first sale of stock to the public.
What is an IPO (Initial Public Offering)?
The state champion in the Kansas Department of Insurance Financial Literacy Scholarship Contest wins a scholarship in this amount.
What is $10,000
What term describes the increase in prices as time goes on
What is inflation?
Irving gave an insurance company $200,000. In return, the company is going to pay him a fixed amount each month when he retires for the rest of his life. This is an example of this financial instrument.
What is an annuity?
The value of the next-best alternative when a decision is made; it's what is given up.
What is Opportunity Cost?
This is is a measure of a company’s stock price relative to its earnings.
What is a P/E Ratio or Price-To-Earnings Ratio
A paper or electronic document used to record both planned and actual income and expenditures over a period of time is called what?
What is a budget?
Isabel borrowed money to buy a car and didn’t put any money toward a down payment. She now owes more on the car than what it is worth. The term for this is...
What is being upside down on a loan?
The study of the broad economy, such as how an economy grows and how growth is maintained.
What is macroeconomics?
This is when an investor decides to borrow money to buy shares of a stock, not because they think the value will increase, but because they think the value will decrease.
What is having a short position or buying short
Name 5 states that are part of the Federal Reserve Bank of Kansas City's district.
What are Colorado, Kansas, Nebraska, Oklahoma, Wyoming, Missouri and New Mexico.
The estimated value of a specific used vehicle is known what?
What is book value?
This is the interest rate that financial institutions charge their best customers.
What is prime rate?
This is the Federal Reserve Bank of Kansas City's district number.
What is 10?
An increase or decrease of 20% or more in the value of the stock market is represented by these two very different animals.
What are bulls and bears?
The Kansas varsity LifeSmarts team will earn a trip to this city to compete for the national championship, April 15-18, 2026.
What is Orlando?
This foodborne pathogen is responsible for the most deaths each year.
What is Salmonella?
Who is the current chairman of the Federal Reserve System?
Who is Jerome Powell?
The condition of relatively high inflation and relatively high unemployment occurring simultaneously.
What is stagflation?
The three major US stock indices are the NYSE, Dow Jones Industrial Average and this.
What is NASDAQ?
Name two places highlighted during this workshop where you can find free teaching resources for economics and personal finance.
What is econedlink.org and www.federalreserveeducation.org (or fre.org)