How Financially Literate Are You Jeopardy Template

Savings	Investing	Budgeting	Spending Habits	General Knowledge (hint: YouthinFinance ig)
100 18 years old How old do you have to be to open a savings account?	100 TFSA What is a bank account you can use to invest without paying interest on your gains?	100 C: rent Which of these are a fixed expense? A: cellphone bill B: electricity bill C: rent D: gasoline	100 Expenses What is the term used to describe the items you spend your money on?	100 credit and debit The two most common types of cards are ____ and ____.
200 Principle The name of the original amount of money deposited in an account?	200 C: Shares of stock What “unit” do you buy in order to be an owner of a stock? A: Stockholder’s unit B: Stock C: Shares of stock D: Owned shares	200 A: gross income What is the name of an individual’s income before taxes are paid? A: gross income B: Net income C: premium income D: contract income	200 Fixed or variable Name one of the two types of expenses.	200 Open a bank account, open a savings account, file a tax return What are 3 things you should do when you turn 18?
300 B: Account holder wrote check for more money than what they have in their account What causes a check to bounce? A: Someone added too much $ to their checking account B: Account holder wrote a check for more money than what they have in their account C: There is a higher interest rate D: There is low interest rate	300 B: Simple and compound interests What are the two types of interest used by banks in calculating investment profits? A: Additive and multiplicative interests B: Simple and compound interests C: Simple and concrete interests D: Sample and compound interests	300 50-30-20 rule What is the most common type of budgeting rule promoted?	300 impulse purchase What is it called when someone buys something without planning to in advance?	300 Tax Free Savings Account What does TFSA stand for?
400 1. Social security number 2. ID with picture What two things are required for a savings account?	400 Limit order What is the type of order that is only executed if a specific price can be obtained?	400 A: 10% Your budgeting plan should have saved you at least this percentage of your money: A: 10% B: 15% C: 12% D: 20%	400 C: Credit card This enables a person to buy things without having to bring actual money to the counter, which they later on pay. A: Investment card B: Loans C: Credit card D: Budget leftovers	400 Revolving credit, installment credit, open credit What are the three types of credit?
500 6 months worth How much money should you have saved in an emergency fund (in terms of time)?	500 Diversification “Don't put all your eggs in one basket" is an example of _____.	500 B: Cash culprits These are costs that can easily be eliminated but are not, and destroy the budget plan. A: Cash robbers B: Cash culprits C: Cash takers D: Shopping spree-fever	500 realistic Every spending plan should be ____.	500 35% How much does your payment history affect your credit score?

How financially literate are you?

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