GRUDGE BALL

How to play• Break up into 5 or 6 teams • Each team starts with 20 “X’s” • Each team gets a question

– If you get it right, you get to remove 1 “X” from another team’s board– If you get it wrong, you must remove 1 “X” from your board

• BUT before you remove the “X”, you have a chance to increase the ability to get other teams to hate them– From the 1st line = 1 extra “X’s”– From the 2nd line = 2 extra “X’s”– You may take them all from one team or split them up

• Each team takes turns• No more “X’s”? You’re out.

– BUT you can get back on the board.• Answer a question correctly AND take a shot. YOU MUST do both! Make the

shot, you’re back on the board• 1st line = 2 “X’s”• 2nd line = 3 “X’s”

A large, professionally managed group of diversified investments

Mutual Fund

The standard American greeting

The Handshake

True or False:Indemnification is the process of

enriching the policyholder

False

True or False:Corporations must pay dividends to stockholders regardless of profits

False

True or False:Liquidity is a major advantage to

regular savings accounts

True

The single greatest cost of new car ownership

Depreciation

True or False:Your home address is included in

your resume

True

True or False:A resume that bullet points the tasks that

you performed for each job allows an interviewer to easily see your skills

True

True or false:banks usually charge fees for

processing overdrafts

True

Tax deferred retirement savings plan available to self-employed

individuals & their employees

Keogh Plan

True or False:A credit rating of 600 or less means

you pay your bills early and pay more than the minimum

False

True or False:used car dealers usually offer

vehicles that are newer than those available at new car dealers

False

A large, professionally managed group of diversified investments

Mutual Fund

True or False:the more risk you are willing to take in investing, the more you stand to

gain or loseTure

True or False:CD’s are less liquid than regular

savings accounts

True

True or False:The payee is the person authorized

to write checks on an account

False

True or False:bait and switch tactics can be

recognized by the wise consumer who knows products and prices

True

Everyone is a _______

Consumer

True or False:The second paragraph of the cover

letter deals with qualifications

True

True or False:A renter’s policy will protect

personal property as well as the apartment building

False

True or False:Real estate and collectibles are low

risk investments

False

True or False:Credit cards are open-ended credit

True

A company allowance for full-time employees whereby they are paid even though they are absent for a

day or two from work Paid Time Off/ Vacation Time

Is child support taxable income?

No

True or False:The 20/10 rule advises that you never borrow more than 10% of

your yearly incomeFalse

When two people share what was originally a full-time position

Job Sharing

What states what the manufacturer will do if the car doesn’t perform as

it should?

Warranty

A company plan whereby employees receive a portion of the

earnings of the company

Profit Sharing

True or False:The recommended level of auto

liability is 25/50/10

True

True or False:A ponzi scheme is a good

investment

False

Date when your taxes are due

April 15th

When listing your past jobs on your resume, how should they be listed?

Most recent first

True or False:banks to not have to tell consumers

the actual APy of their accounts

False

What is gross income?

Income before anything has been taken out

The depositor’s record of checking account transactions

Check Book Register

Name 3 things that will affect your auto insurance cost?

Age, Driving Record, Gender, Type of Car, Color of Car

A check written by the bank on its own funds

Cashier’s Check

What can you use to learn about the history of a specific vehicle?

VIN NumberVehicle Identification Number

What is a variable cost of owning a car?

Gas and oil

What can you do to extend the life of your car?

Regular Maintenance

True or False:Credit can greatly expand your

purchasing potential and raise your standard of living

True

True or False:Compound interest is earning

interest on interest and principal

True

What does s-m-a-r-t stand for?

Specific, Measureable, Attainable, Relevant, Time

Bound

Antiques and coins are known as what kind of investment?

Collectible

What are your required deductions

Federal Income Tax, State Income Tax, Social Security,

and Medicare

True or False:you have a right to know what is in your credit file and wo has seen it

for credit purposesTrue

True or False:Good way to get started with credit

is to open up a saving account

True

What makes up fica?

Social Security and Medicare

True or False:References should be included on

your resume

True

True or False:A good place to learn about a car is

from the BBB website

False

True or False:When making an offer, you should be sure to let the seller know how

much you love the carFalse

True or False:Proof of loss is not required before an insurance claim can be made

False

True or False:short-term needs include home ownership, children’s education,

and retirementFalse

True or False:Government bonds are when you

loan the government money

True

True or False:regular savings accounts earn more

interest than a Cd

False

True or False:interest rates are expressed as a

percentage

True

The fee paid by the policy holder of an insurance company

Premium

True or False:Risk is the financial loss from perils

to property or people

True

True or False:money you owe is called the

balance

False