1. Jeopardy True/False True/False Terms Short/Long A or L Q$100 Q$100
Final Jeopardy

2. $100 Question from True/False
A balance sheet is a record of assets and liabilities at a point in time—True or False?

3. $100 Answer to True/False
What is True.

4. $200 Question from True/False
The difference between assets and liabilities is called your cash flow—True or False?

5. $200 Answer to True/False
What is False.

6. $300 Question from True/False
Variable expenses are for the same amount each time—True or False?

7. $300 Answer to True/False
What is False.

8. $400 Question from True/False
A budget variance is the difference between budgeted amounts and actual spending—True or False?

9. $400 Answer to True/False
What is True.

10. $500 Question from True/False
The most popular retirement income plan is the individual retirement account (IRA)—True or False?

11. $500 Answer to True/False
What is True.

12. $100 Question from True/False
Cash inflows are the money you spend on food, clothing, and other living expenses—True or False?

13. $100 Answer to True/False
What is False.

14. $200 Question from True/False
Estate planning includes the distribution of your property at death—True or False?

15. $200 Answer to True/False
What is True.

16. $300 Question from True/False
An annuity is a series of regular payments made to a retired worker under a plan—True or False?

17. $300 Answer to True/False
What is False.

18. $400 Question from True/False
Financial planning generally reduces an individual’s financial uncertainties—True or False.

19. $400 Answer to True/False
What is True.

20. $500 Question from True/False
Putting together a good budget is a very time-consuming process—True or False?

21. $500 Answer to True/False
What is False.

22. The amount of a paycheck after taxes and other payroll deductions.
$100 Question from Terms
The amount of a paycheck after taxes and other payroll deductions.

23. What is net income or net pay?
$100 Answer to Terms
What is net income or net pay?

24. $200 Question from Terms
A report of your current financial condition and a strategy for your financial future .

25. What is a financial plan?
$200 Answer to Terms
What is a financial plan?

26. Items of value, such as money, investments, automobiles, and jewelry.
$300 Question from Terms
Items of value, such as money, investments, automobiles, and jewelry.

27. What are personal assets?
$300 Answer to Terms
What are personal assets?

28. The amount of money you plan to use for a certain budget category.
$400 Question from Terms
The amount of money you plan to use for a certain budget category.

29. $400 Answer to Terms
What is an allowance?

30. $500 Question from Terms
Costs that occur on a regular basis, such as rent or mortgage payments.

31. What are fixed expenses?
$500 Answer to Terms
What are fixed expenses?

32. $100 Question from Short or Long-Term
Buying a new sweater.

33. $100 Answer to Short or Long-Term
What is short-term?

34. $200 Question from Short or Long-Term
Saving for a class trip to Washington, D.C.

35. $200 Answer to Short or Long-Term
What is long-term?

36. $300 Question from Short or Long-Term
Buying a new car.

37. $300 Answer to Short or Long-Term
What is long-term?

38. $400 Question from Short or Long-Term
Having your coat dry cleaned.

39. $400 Answer to Short or Long-Term
What is short-term?

40. $500 Question from Short or Long-Term
Going to a concert with friends.

41. $500 Answer to Short or Long-Term
What is short-term?

42. $100 Question from Asset or Liability
Computer.

43. $100 Answer to Asset or Liability
What is an asset?

44. $200 Question from Asset or Liability
Checking account.

45. $200 Answer to Asset or Liability
What is an asset?

46. $300 Question from Asset or Liability
Balance on store charge account.

47. $300 Answer to Asset or Liability
What is a liability?

48. $400 Question from Asset or Liability
Car loan.

49. $400 Answer to Asset or Liability
What is a liability?

50. $500 Question from Asset or Liability
Money borrowed to pay tuition.

51. $500 Answer to Asset or Liability
What is a liability?

52. Final Jeopardy Question
The age when traditional IRA (individual retirement account) contributions can be withdrawn but are then taxed.

53. Final Jeopardy Answer
What is 59 ½?