Credit Cards
Credit Scores
Investing
Federal Budget
Wild Card
100
DOUBLE POINTS!!!
What is the interest rate charged on borrowed money, expressed as a yearly rate?
What is the Annual Percentage Rate (APR)?
100
What is a numerical representation of a person's trustworthiness to pay back borrowed money?
What is a credit score?
100
What is a Bull Market vs a Bear Market?
Bull = Period of the stock market going up, optimism, growth
Bear = Period of the stock market going down, fear, decline
100
Which branch of the government prepares the budget each year?
Executive Branch
100
How many wives has Tony Hawk had?
4, including the 1996 classic Erin Lee
200
This is the maximum amount of credit that a financial institution extends to a cardholder.
What is a credit limit?
200
What is the term for the ratio of your current credit card balances to your credit limits?
What is credit utilization?
200
DOUBLE POINTS!!!
When you buy a stock, what title do you receive, indicating you own a small piece of the company?
What is a shareholder
200
Spending that Congress can change each year through the appropriations process is known as...
Discretionary Spending
200
How many live-action Alvin & the Chipmunks movies are there?
4, including the 2011 classic "Chipwrecked"
300
What do you have to do to avoid penalties on a credit card?
Make the minimum payment
300
How much of your credit score is affected by your payment history?
35%
300
These investment funds pool money from multiple investors to invest in a diversified portfolio of stocks and bonds.
What are mutual funds?
300
What is unique about U.S. government shutdowns compared to the rest of the world?
Bonus: What has been the longest government shutdown in U.S. History?
No other country does it, they just continue using last year's spending bill
This one! 36 days baby!
300
What is the new collaboration between Christian Joseph & Hardees that is taking the internet by storm?
The Rizzwich 
400
Name at least two advantages of using credit cards.
What are rewards, building credit history, or fraud protection?
400
Why is having a good credit score important?
It affects loan interest rates, your ability to get loans, and if you're eligible to buy certain items.
400
What term describes a strategy to reduce risk by spreading investments across different assets?
What is diversification?
400
What is the federal budget's current deficit and total national debt?
$1.8 Trillion
$38 Trillion
400
Name these fellas
500
Name at least three common types of rewards associated with credit cards.
Cash back, travel points, fuel points, easier refund process, gift cards, etc
500
What is a perfect credit score? What range is a "good" credit score?
850
~670 & up
500
What type of investment is a type of mutual fund that aims to replicate the earnings of the top performers in the market?
Index Funds
500
Name at least 3 major challenges Social Security faces
Aging population, declined birth rates, increased lifespans, increased disability claims, mismatched workforce to retiree ratios
500
Who was the former teacher-turned-outlaw at Green Lake, Texas who enacted revenge on Sam's murderers and left behind her signature calling card of lipstick on their cheek?
Kissin' Kate Barlow
600
What is the difference between revolving credit and installment credit?
Revolving - You can borrow up to a credit limit, repay it, and borrow again.
Installment - You receive a lump sum of money and pay it back in fixed amounts over a set period of time.
600
Describe how each of the following make money in the credit process:
Credit Card companies (Visa, Mastercard, Discover)
Lenders (Chase, Citi, Capital One)
Merchants (Businesses that accept credit cards)
Credit Card companies - Transaction & Merchant Fees
Lenders - Interest & Late Fees
Merchants - By accepting credit cards they expand their customer base
600
What are the 3 examples of risky investing into a hedge funds that we discussed in class?
Derivatives, short-selling, and leverage
600
Name the top 6 Federal spending categories
(100 points each)
Social Security, Medicare, Medicaid, defense, interest on the debt, veterans benefits, education
600
Sing the first verse and chorus of these choices:
1. Sugar - Maroon 5
2. Stacy's Mom - Fountains of Wayne
3. Fancy Like - Walker Hayes
4. Livin' on a Prayer - Bon Jovi
Sugar - https://www.youtube.com/watch?v=PqX8aA6w4bM
Stacy's Mom - https://www.youtube.com/watch?v=ddi4V-MS6GA
Fancy Like - https://www.youtube.com/watch?v=3CZB4q1QUrk