2. 10 20 10 40 30 20 10 40 30 20 10 40 30 20 40 30 10 20 30 40 Definitions Credit Jobs Goods Financial Institutions EconJeopardy Back to menu No help Get extra 5 points
3. 10 This is putting money aside—not spending it now for goods and services What is saving? Click here for answer back
4. 20 This is putting saved money into stocks, corporate bonds, mutual funds, commercial real estate, and other financial instruments or ventures. This carries more risk than savings accounts. back Click here for answer What is investing?
6. 40 A written promise to repay the amount borrowed at a later date. back Click here for answer What is a bond?
7. 10 The characteristics that lenders look for when they approve a loan to an individual. They are character, capacity, and collateral. back Click here for answer What are the 3 C’s of Credit?
8. 20 The interest rate you pay in a single year on the money you borrow. back Click here for answer What is annual percentage rate (APR)?
9. 30 This requires that creditors disclose the cost of the credit in simple terms. The lender must state the borrowing in terms of APR. back Click here for answer What is the Truth in Lending Act?
10. 40 These are the three largest credit bureaus. HINT: You can request a credit report from these bureaus. back Click here for answer What are Equifax, Experian, and TransUnion?
11. 10 This is a summary of your work-related experiences. It presents your name, address, telephone number, e-mail, career objectives, education, work experience, abilities, and other information. back Click here for answer What is a resume?
12. 20 When doing this, you should arrive on time or a little early. Dress modestly and conservatively. Be poised and confident. Establish eye contact and be enthusiastic. back Click here for answer What is a job interview?
13. 30 This source, published by the Bureau of Labor Statistics contains information about what occupations pay and how much education is required. back Click here for answer What is the Occupational Outlook Handbook?
14. 40 Statistically, the more of this that you invest in, the more income you will earn. HINT: This increases your human capital. back Click here for answer What is education?
15. 10 A basic requirement for survival back Click here for answer What is a need?
16. 20 A means of expressing a need back Click here for answer What is a want?
17. 30 A tangible commodity, like a book, car, or CD player. back Click here for answer What is a good?
18. 40 A good that lasts three years or more when it is used on a regular basis. back Click here for answer What is a durable good?
19. 10 An economic institution that brings savers and borrowers together. back What is a bank? Click here for answer
20. 20 A financial institution that invested the majority of its funds in home mortgages. back Click here for answer What is a Savings and Loan Association (S&L)?
21. 30 A not-for-profit cooperative financial institution that is owned and controlled by its members, through the election of a volunteer Board of Directors elected from the membership itself. back Click here for answer What is a credit union?
22. 40 Amall, short-term loan (typically up to $500) without a credit check that is intended to bridge the borrower's cashflow gap between pay days. back Click here for answer What is a payday loan or cash advance?
