Jeopardy

True/False True/False Terms

Q$100 Q$100 Q$100

Short/Long A or L
Q$100 Q$100

Q$200
Q$300

Q$200
Q$300

Q$200
Q$300

Q$200
Q$300

Q$200
Q$300

Q$400
Q$500

Q$400
Q$500

Q$400
Q$500

Q$400
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Q$400
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 timeTrue 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 spendingTrue 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 expensesTrue or False?

$100 Answer to True/False

What is False.

$200 Question from True/False

Estate planning includes the distribution of your property at deathTrue 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 planTrue or False?

$300 Answer to True/False

What is False.

$400 Question from True/False

Financial planning generally reduces an individuals financial uncertaintiesTrue 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 processTrue 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 ?