CHAPTER 3
The _____-based budget is the best method of budgeting because the _____-based budget ensures that every dollar you make is assigned a specific purpose
zero
The knowledge and skillset necessary to be an informed consumer and manage finances effectively.
FINANCIAL LITERACY
This is the fund that you build over time for a large purchase in your future.
sinking fund
Where will the 2028 Summer Olympics be held?
Los Angeles
Who is Barbie’s little sister?
Skipper
Percentage of Americans living paycheck to paycheck:
A) 70
B) 25
C) 50
D) 40
70
The granting of a loan and the creation of a debt: any form of deferred payment.
Credit
This is i word is not a key factor in saving money for yourself.
Income
What number sits to the right of the number ‘20’ on a standard dartboard?
1
Nearly all fossils are preserved in what type of rock?
sedimentary
DOUBLE JEOPARDY:
To re______ your account is to check two sets of records are correct and in agreement
reconcile
The normal American family is _______________.
Broke
It is true that you should not use this fund for frivolous expenses.
What is emergency fund?
How many states does the Appalachian Trail cross?
14
The code in The Matrix comes from what food recipes?
Sushi
Expenses that remain the same from month to month
fixed expenses
All of the decisions and activities of an individual or family regarding their money including spending, saving, budgeting, etc.
Personal finance
Double Jeopardy: This is the persistent rise of the cost of goods and services. This also contributes to an increasing money amount in future investments
Inflation
Double Jeopardy:
What is the first line to Olivia Rodrigo's 'Drivers License'?
'I got my driver's license last week'
What is the only team in the NFL to neither host nor play in the Super Bowl?
Cleveland Browns
A ______statement summarizes all of the income and outgo (spending) over a certain time period while a budget is a written plan for saving and spending. The _______ statement is reflective of what has already taken place.
cash flow
DOUBLE JEOPARDY: Personal finance is 80% ______________ and 20% _____ __________.
Personal finance is 80% _behavior_ and 20% _____ _knowledge_________.
This is the addition of interest to the principal sum of a loan or deposit, or in other words,interest on interest.
What is compound interest?
"You have my heart and we'll never be worlds apart..."
Umbrella, Rhianna
Barbie was the top grossing movie of 2023, what was the second top grossing movie? (hint: animation)
Supe-Mario Bros