TCW Financial Literacy Jeopardy 1

Credit Cards

100

This is money the bank lends you

What is Credit?

200

This is a type of credit card reward you can earn that is equivalent to your currency

What is Cash Back

301

Credit card reward people frequently "maximize"

What are points

400

The percentage you have to pay on any balance you carry

APR

500

Amount of credit card debt in the United States

What is 1.17 trillion?

Debt

100

Type of loan you take out for college

Student Loans

200

You need insurance to avoid emergencies and this type of debt

Medical

301

You can declare this if you cannot pay your debt

Bankrupcy

400

This type of debt can't be discharged

student

500

This is something you offer up when you are trying to secure a loan

Collateral

Budgeting

100

Common budgeting method for people who rent and are young

50/30/20

200

Something fund you should have at all times

Emergency

301

Budget where every dollar has a job

Base zero

400

A way to pay off debt starting with the smallest amount

Snowball method

500

Account you can invest funds in and watch the money grow tax free

Roth IRA

Banking

100

Standard accounts the bank gives you

checking and saving

200

accounts usually offered by online banks with a higher interest rate

high yield savings

301

These separate money in your accounts so you can plan for things like vacations, college, etc

Vaults or buckets

400

This is how you use money in your checking account

debit card

500

This insures your money in most major US banks but not in venmo or other services.

FDIC

Film

100

This doctor is dedicated to teaching people about wealth

Trenchant

200

This character needs car insurance

Roxy

301

This character needs an emergency fund

Mom

400

This character teaches about compound interest

Trenchant

500

Motif used throughout the movie to demonstrate how money can come almost as if you're stealing

Heist