click once to begin jeopardy! a financial game show
TRANSCRIPT
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Click Once to BeginJEOPARDY!A financial game show
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Chequing Accounts
Savings Accounts
Term Deposits
$100
$400
$200
$500
$300
$400
$300
$200
$100
$500
$100
$200
$300
$400
$500
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Chequing Accounts100
A record keeping option that can be used on some account for a charge of $2.25 per month
Answer: Passbook
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Chequing Accounts200
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It can give you account criteria suited to your daily and monthly needs. There are different ones for everyone including a student.
Answer: account monthly plan
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Chequing Accounts300
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This type of chequing account would be beneficial to someone who travels outside of Canada and uses the bank machines in these different countries
Answer: select service account
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Daily Double!!!
The cheapest chequing account plan for someone who performs exactly 30 transactions (withdrawals) each month
Answer: value plus account
If you want to move the Daily double, just cut and paste the title into another slide number
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Chequing Accounts500
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The account plan beneficial (cheapest) for someone who has a balance that fluctuates around 5000 throughout the month
Answer: infinity account
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Savings Accounts100
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A person with untouched amounts of money in their chequing account would benefit from this.
Answer: savings accounts
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Savings Accounts200
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The ideal plan for someone who keeps having problems with paying taxes on their savings at the end of the year
Answer: tax free savings account
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Savings Accounts300
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The type of account that is ideal for someone who is beginning to save money from $0, is under 19 years old, and wants to be able to withdrawal money
Answer: companion savings account
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Savings Accounts400
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The ideal plan for someone who has over $5000 to save and would like to have access to their money in case of an emergency (keep in mind that the tax free savings account has restrictions to only allow 5000 per calendar year)
Answer: Guaranteed Investment Account
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Savings Accounts500
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What you would do if you had under $1000 dollars and needed to potentially access this money and perform over 10 transactions on your account.
Answer: open a chequing account, not a savings account
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Term Deposits100
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In most cases, the main reason that someone would open a term deposit instead of a savings account
Answer: higher interest rate
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Term Deposits200
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The cashable GIC that offers the highest interest rate if you don’t need the money for over 2 years
Answer: 5 year stepper GIC
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Term Deposits300
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The type of GIC that cashable in full after 30 days and interest rate can change on a monthly basis
Answer: Money Market GIC
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Term Deposits400
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The index that determines the return on a Market Growth GIC
Answer: stock market
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Term Deposits500
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This GIC has an interest rate that is compounded annually and changes after the first year
Answer: 1 + 1 GIC
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Final Jeopardy
Category : Financial Management
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Final Jeopardy
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GIC stands for this and is known as a term deposit
Answer: Guaranteed Investment Certificate