1.) What was the final score of the game?
My final score on the game was 7-0. My team won.
2.) How did you do answering the questions? Did you answer any of the
I answered the question with my own knowledge from what Ive learned
1.) What is closed-end credit?
Closed-end credit is a one-time loan that you pay back over time in payments of equal
amounts. Interest is charged on the amount lent and it typically involves a specific
amount and purpose for the loan. T
1.) What are credit cards? Why do people use them?
Credit cards (Visa, MasterCard, etc.) are perhaps the most used form of open-end
credit. Credit cards can be used in a vast number of locations, including most retail
stores, online sites, and most busi
1.) In "Jesse's Ice Cream Stand," what factors do you have to consider to make the greatest
The factor I have to consider to make the greatest profit was not to spend much on the
items you sell. Watch out for the items you rarely sell and the on
1.) What is a deductible? How does a deductible affect insurance?
A deductible is the amount of money that the policy holder will pay before the
insurance company will pay on an insured loss. With a deductible, you are
responsible for p
1.) What are municipal bonds? Describe two different types of municipal bonds.
Municipal bonds are debt securities issued by state or local governments to pay for
ongoing products such as roads, schools, and airports. When state and loc
1.) What problem occurred after Hurricane Katrina that has prevented rebuilding?
The dam broke which caused flooding. Only 5 out of 26,000 peoples houses werent
2.) Why is disclosure important when taking out insurance?
So you know what youre
1.) What is a progressive tax system? How does it differ from a regressive tax system?
A progressive tax is a type of tax that takes a larger percentage of income from
taxpayers as their income rises. An example is the federal income t
1.) Why are cars a bad investment?
An automobile is a depreciating asset. As it ages, it loses value rapidly and drastically.
There is very little chance of an automobile used for personal transportation will
appreciate in value.
2.) What are some of th
1.) What are brokerage firms?
Brokerage firms manage and facilitate the purchase of stocks, bonds, and other types of
investments. Generally, an individual will have an account with the brokerage firm into
which they deposit money. A br
1.) What is the average debt for individuals 22-29?
Average debt for 22 - 29 year olds: $16,120.
2.) Why is it important to think about "needs" and "wants"?
What are the differences between these? Needs: Home, Clothes, Food, Job,
1.) What is inflation risk?
- Prices on an item or service may rise or fall. Deciding to buy at a particular time runs
the risk that a price may fall after the purchase, or rise before the purchase. Inflation
risk, also called purchasing
1.) What character did you choose from the available choices? Why? What are the pros and
cons of choosing this character in the game?
- I chose the plastic surgeon because they make very good money and usually dont
struggle much with money. The pros are t
Unit 2 Text Questions
What are three economic stances that a government may have? Describe each of these stances.
A neutral stance indicates a balanced economy. In most cases, this stance leads to
more tax revenue for the government. Ex
Unit 2 Lab Question
What are some of the financial decisions that people face? What are trade-offs? What are some
of the trade-offs that you may face?
In an age where an undergraduate degree no longer seems to be good enough, student
loans have become t
1.) What is a barter system?
Barter System is where people trade goods for other goods without even using any money
and only use their goods to trade. Its just like trading your hover board for a MacBook.
2.) What is the principle of supp
1.) What are the four categories that you need to separate your expenses into? Which one do
you think makes up most of your own expenses? Why?
Food, transportation, clothing, and entertainment. I make up most of my expenses on
my entertainment because I