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Jeopardy
True/False True/False Terms
Short/Long A or L
Q$100
Q$100
Q$100
Q$100
Q$100
Q$200
Q$200
Q$200
Q$200
Q$200
Q$300
Q$300
Q$300
Q$300
Q$300
Q$400
Q$400
Q$400
Q$400
Q$400
Q$500
Q$500
Q$500
Q$500
Q$500
Final Jeopardy
$100 Question from True/False
A balance sheet is a record of assets
and liabilities at a point in time—
True or False?
$100 Answer to True/False
What is True.
$200 Question from True/False
The difference between assets and
liabilities is called your cash flow—
True or False?
$200 Answer to True/False
What is False.
$300 Question from True/False
Variable expenses are for the same
amount each time—True or False?
$300 Answer to True/False
What is False.
$400 Question from True/False
A budget variance is the difference between
budgeted amounts and actual spending—True
or False?
$400 Answer to True/False
What is True.
$500 Question from True/False
The most popular retirement income
plan is the individual retirement
account (IRA)—True or False?
$500 Answer to True/False
What is True.
$100 Question from True/False
Cash inflows are the money you
spend on food, clothing, and other
living expenses—True or False?
$100 Answer to True/False
What is False.
$200 Question from True/False
Estate planning includes the
distribution of your property at
death—True or False?
$200 Answer to True/False
What is True.
$300 Question from True/False
An annuity is a series of regular
payments made to a retired worker
under a plan—True or False?
$300 Answer to True/False
What is False.
$400 Question from True/False
Financial planning generally reduces an
individual’s financial uncertainties—True or
False.
$400 Answer to True/False
What is True.
$500 Question from True/False
Putting together a good budget is a
very time-consuming process—True
or False?
$500 Answer to True/False
What is False.
$100 Question from Terms
The amount of a paycheck after taxes
and other payroll deductions.
$100 Answer to Terms
What is net income or net pay?
$200 Question from Terms
A report of your current financial
condition and a strategy for your
financial future .
$200 Answer to Terms
What is a financial plan?
$300 Question from Terms
Items of value, such as money,
investments, automobiles, and
jewelry.
$300 Answer to Terms
What are personal assets?
$400 Question from Terms
The amount of money you plan to use for a
certain budget category.
$400 Answer to Terms
What is an allowance?
$500 Question from Terms
Costs that occur on a regular basis,
such as rent or mortgage payments.
$500 Answer to Terms
What are fixed expenses?
$100 Question from Short or
Long-Term
Buying a new sweater.
$100 Answer to Short or
Long-Term
What is short-term?
$200 Question from Short or
Long-Term
Saving for a class trip to Washington,
D.C.
$200 Answer to Short or
Long-Term
What is long-term?
$300 Question from Short or
Long-Term
Buying a new car.
$300 Answer to Short or
Long-Term
What is long-term?
$400 Question from Short or
Long-Term
Having your coat dry cleaned.
$400 Answer to Short or
Long-Term
What is short-term?
$500 Question from Short or
Long-Term
Going to a concert with friends.
$500 Answer to Short or
Long-Term
What is short-term?
$100 Question from Asset or
Liability
Computer.
$100 Answer to Asset or
Liability
What is an asset?
$200 Question from Asset or
Liability
Checking account.
$200 Answer to Asset or
Liability
What is an asset?
$300 Question from Asset or
Liability
Balance on store charge account.
$300 Answer to Asset or
Liability
What is a liability?
$400 Question from Asset or
Liability
Car loan.
$400 Answer to Asset or
Liability
What is a liability?
$500 Question from Asset or
Liability
Money borrowed to pay tuition.
$500 Answer to Asset or
Liability
What is a liability?
Final Jeopardy Question
The age when traditional IRA
(individual retirement account)
contributions can be withdrawn but are
then taxed.
Final Jeopardy Answer
What is 59 ½?