1. 100 200 300 400 500 100 200 300 400 500 100 Banking and Credit Miscellaneous Financial Planning Basics Compound Interest Cash Flow and Taxes Personal Finance Mid-Term Review Game

2. The Answer is: Fundamental beliefs about what is important that serve as a base for financial goals.

3. The Question is: What are values?

4. The Answer is: Phrase used to indicate that money is saved as soon as it is earned, before you get a chance to spend it.

5. The Question is: What is “pay yourself first”?

6. The Answer is: A financial statement used to assess a person’s financial well-being.

7. The Question is: What are net worth (balance sheet) or cash flow (income and expense) statements?

8. The Answer is: Minimum number of months of expenses recommended to be set aside for emergencies.

9. The Question is: What is three months?

10. The Answer is: The next best alternative that someone could have chosen to spend, save, or invest their money.

11. The Question is: What is opportunity cost?

12. The Answer is: Financial principle that tells how long it will take to double a sum of money at a certain interest rate.

13. The Question is: What is the “Rule of 72”?

14. The Answer is: One of three ways to calculate the time value of money.

15. The Question is: What are: Using charts in the book appendix, financial calculators, and mathematical formulas?

16. The Answer is: A series of equal payments or deposits.

17. The Question is: What is an annuity?

18. The Answer is: Interest rate required to double a sum of money in 9 years.

19. The Question is: What is 8%?

20. The Answer is: Today’s value of an amount to be received at a future date.

21. The Question is: What is present value?

22. The Answer is: Type of income earned on investments for which taxes are not owed until a future date.

23. The Question is: What is tax-deferred income?

24. The Answer is: Tax rate at which your last dollar of income is taxed.

25. The Question is: What is a marginal tax rate (bracket)?

26. The Answer is: Income remaining after taxes and other payroll withholding deductions are deducted.

27. The Question is: What is disposable income?

28. The Answer is: A dollar-for-dollar subtraction from tax liability for expenses such as child care and raising a family.

29. The Question is: What is a tax credit?

30. The Answer is: Type of tax that takes a smaller percentage of a person’s income as income rises.

31. The Question is: What is a regressive tax?

32. The Answer is: Example of a depository institution used to hold cash assets.

33. The Question is: What is a commercial bank, savings and loan, or credit union?

34. The Answer is: Type of credit where borrower repays the amount owed in equal, usually monthly, payments.

35. The Question is: What is installment credit?

36. The Answer is: Figure used to compare earnings on bank accounts based on interest received on a $100 deposit for a 365 day period.

37. The Question is: What is the annual percentage yield (APY)?

38. The Answer is: The total cost of credit on an annual basis.

39. The Question is: What is the annual percentage rate (APR)?

40. The Answer is: Type of credit card backed by a savings account opened with the financial institution that issues the card.

41. The Question is: What is a secured credit card?

42. The Answer is: One of three ways to calculate time value of money problems.

43. The Question is: What are mathematical formulas, financial calculators, and interest factor tables.

44. The Answer is: A recommended strategy to reduce the risk of becoming an identity theft victim.

45. The Question is: What are checking credit reports, securing incoming/outgoing mail, shredding documents, not divulging information to callers, etc.

46. The Answer is: Name for the practice of sending e- mail links to fraudulent Web sites in order to trick people into divulging personal information.

47. The Question is: What is phishing?

48. The Answer is: One important thing that Roy Miller, a.k.a., the Wealthy Barber, taught his students.

49. The Question is: What is “pay yourself first,” the magic of compound interest, PITA factor investments, invest 10% of earnings for long-term growth, etc.?

50. The Answer is: Something learned from doing the PowerPay assignment.

51. The Question is: What is the time and interest savings from PowerPay, the high cost of interest on loans and credit cards, the impact of sequencing of debt repayment?