How to Play REVIEW

What do participants receive in real time during the simulation?

• Paychecks and bills

• Paychecks and bonuses

• Bills and loans

• Bonuses and loans

What is the same for all participants at the beginning of the simulation?

• Ending bank balance

• Beginning bank balance

• Monthly expenses

• Credit score

What happens if you increase 401(k) contributions?

• Raise your net pay

• Lower your net pay

• Keep your net pay the same

• Double your net pay

What happens if you decrease 401(k) contributions?

• Lower your net pay

• Raise your net pay

• Keep your net pay the same

• Double your net pay

When can you not change your 401(k) contribution?

• On the day a bill is due

• On the day a paycheck is issued

• On the day a goal closes

• On the day a budget is updated

What is the effect of not saving your spreadsheet?

• Data loss

• Data duplication

• Data accuracy

• Data security

What should you create from a checking account on the bank page?

• E-check

• Direct deposit

• Wire transfer

• Cash withdrawal

What should be recorded in your CFS?

• Payments and fees

• Transactions and deposits

• Withdrawals and transfers

• Loans and interests

How many points can be redeemed from a one-time fee waiver?

• 75 of 150 points

• 50 of 100 points

• 100 of 200 points

• 25 of 50 points

Tags

CCSS.6.RP.A.3B

What results from carrying a balance on a credit card?

• Rewards

• Interest charges

• Cashback

• Discounts