Financial Decision Making Jeopardy

Banking

100

George would like a normal bank where he can leave his money, gather savings, and even take out loans. What sort of bank should he join?

A Retail Bank

200

Andrea would like a bank where she can keep her money, and hopefully make a lot more from it. She doesn't mind if it is risky, and is alright with the fact she may lose more money than she puts in. What sort of bank should she keep her money in?

An Investment Bank

300

Sasha and her friends would like a community oriented bank, where she can have a lot more control than she may at a typical bank. Where should she keep her money?

A Credit Union

400

Joseph owns a small business. He needs to take out a loan in order to purchase a lot of new equipment, where should he go?

A Commercial Bank

500

Name all three alternative forms banking.

Online Banking, Mobile Payment Platforms, Cryptocurrency

Banking Vocab

100

Borrowed money that you pay back, typically with interest

Loan

200

The amount of money being charged to borrow money

Interest

300

How long the customer has to pay back their loan.

The Term

400

The original amount of money being loaned out

Principal

500

If you wanted to pay your loan back faster, and with less interest, what might you do?

Pay more than the minimum balance

Inflation

100

A rise in prices, also a decline in purchasing power over time

Inflation

200

True or False, inflation is a normal part of a free market economy?

True

300

One factor that causes a raise in inflation rates.

Answers may vary

400

Normal Inflation rate in the United States

1-2%

500

Abnormal Inflation rate in the United States

3-5%

Reasons for Buying

100

Jesse had a hard week, and as a reward at the end of the week buys himself a pizza. What sort of spending is this?

Treat yourself spending

200

All of Scott's friends pressure him to buy a new game to play with them. What sort of spending is this?

Peer Pressure

300

Elizabeth's friends are all getting dinner together, Elizabeth not wanting to be left out decides to join them. What kind of spending is this?

FOMO (Fear of Missing Out)

400

Allie is scrolling through Facebook Marketplace because she has nothing to do. She ends up buying a new chair, a box of books, and a crate of legoes. What kind of spending is this?

Boredom Spending

500

Kris sees a deal for buy one, get one half off books at Barnes and Noble and decides to buy them. What sort of spending is this?

Ad, Special Price, or Limited Deal spending

Mr. Cantey Trivia

100

Who is Mr. Cantey's favorite superhero?

Batman

200

Where did Mr. Cantey go to High School?

Ontario

300

Who is Mr. Cantey's favorite student?

Trick Question, he does not have a favorite student. 

400

Mr. Cantey has five favorite video games, name one.

Fallout, Minecraft, Arkham Series, Deltarune, Skyrim 

500

What is Mr. Cantey's favorite historical time period?

The Cold War