The Money Game Exam - CHUMPCHANGE MINISTRIES

THE MONEY GAME EXAM

1 / 38

A) How many types of economies mentioned in the course.

A. 3

B. 1

C. 2

2 / 38

B) The world tells us that _____________ is more important than anything?

A. Money

B. People

C. Possessions

3 / 38

C) What good is it for man to Gain the whole world but lose his?

A. Family

B. Job

C. Soul

4 / 38

D) Saving money helps us by.

A. Protecting us in the event of an unexpected expense.

B. Allowing us to understand the true cost of things.

C. Building the Bank so that we have more control of the game.

5 / 38

E) You will probably never have enough money to satisfy all of your wants.

A. True

B. False

6 / 38

F) If I Need more money than I have at the end of the month I should.

A. Pay some of my bills on a credit card.

B. Ask my Parents for a loan.

C. Create more margin by spending less or work more hours to increase revenue.

7 / 38

G) To make a budget you need to know…

A. What are my expenses for the month.

B. How many late notices can I receive before I am in trouble.

C. How much do I owe the power company.

8 / 38

H) This makes handling money easier.

A. A Wallet

B. An investment opportunity.

C. A budget.

9 / 38

I) The answer to winning the money game is not to

A. Spend less than you make

B. Save money as part of your life style.

C. Become your own bank

D. Get a good job.

10 / 38

J) If you carried a $9,000.00 balance on your credit card for 40 years what could happen….

A. At 18% you would pay $70,979 Dollars in interest

B. If you had not done that and invested at 10% you could have earned $785,371.00

C. The financial institution probably will earn $12,024,501 on your Credit Card Habit.

D. AB&C

11 / 38

K) Being in debt causes us to be…..

A. Be happy because we can do things that others are doing.

B. Worry about making the payments on our debt

C. Rest because we can go on a family vacation

12 / 38

L) God created us to be free and have the ability to …..

A. Dream

B. Be Free

C. Create

D. All of the above

13 / 38

M) Spending money you do not have via credit is pretending (lying) ….

A. A your about how good your new job is.

B. Building your image

C. Pretending you are richer than you are.

14 / 38

N) The average Couple starting a family have…

A. $9,000.00 of Credit Card Debt

B. A Home.

C. 2 Cars.

15 / 38

O) The average person who graduates from college will have….

A. A good job.

B. A home.

C. $4,000.00 in Credit Card Debt

16 / 38

P) The time value of money means…

A. What inflation is doing to the value of your money

B. What your spent money whould have been worth if you had not spent it but invested it over a long period of tome..

C. What what it cost you if you waist time.

17 / 38

Q) How does the Bank make the majority of its money.

A. Thru charging you for the privilege of using their money.

B. Monthly Fees

C. Making loans to others using your deposits.

18 / 38

R) Interest on a loan means what.

A. My monthly payment .

B. How fast the item needs to be paid off.

C. What the bank charges for the privledge of using their money.

19 / 38

S) Which of the following is not a depreciating asset.

A. Brand new Car

B. Home

C. New Boat

20 / 38

T) Making purchases on time thru credit or loans require our understanding of all the following topics except one.

A. What is the cost of the item itself?

B. Who the sales people are and how long they have worked there?.

C. What is the interest rate you are being charged?

D. What is the total amount you will pay over the length of the loan?

21 / 38

U) Financial bondage can come from spending money that we do not have on things like.

A. vacations

B. Collage

C. credit card debt.

D. All of the above

22 / 38

V) The world teaches us that we deserve things right now which usually results in…

A. Having a lot of fun while we can.

B. Helping us become Financially Successful.

C. a habit of spending money that we do not have at a future cost we cannot see

23 / 38

W) What is opportunity cost

A. What result you could have received if you would have done things a different way.

B. The final benefit of a particular investment strategy.

C. Results based on the particular bank or institution you used.

24 / 38

X) Financial Institutions want us to play the money game a certain way because they…

A. Want to offer us help, so we can have goods and services.

B. Want us to play in such a way that benefits them.

C. they want to talke advantage of Opportunity Cost and long term growth on the money we give them in interest.

25 / 38

Y) Slavery is still very prevalent in the world we live in.

A. True

B. False

26 / 38

Z) If you are confused about the rules of a game What are the chances you will win?

A. 75%

B. 50%

C. 0%

27 / 38

AA) The objective of the game is to at a minimum….

A. Beat them

B. Humiliate the opponent

C. Tie or equally match them

D. Call them a loser

28 / 38

AB) When you play a game like tick tac toe it helps to know what ….

A. Who is playing the game with you

B. What are the rules that you need to know?

C. What does it cost me if I do not win?

D. A B and C

29 / 38

AC) one of the most valuable things about you is your ability to

A. Work

B. Dream

C. Love

D. All of the above

30 / 38

AD) Each one of us were born for a purpose.

A. True

B. False

31 / 38

AE) Why do we go to work

A. To get rich.

B. To provide for ourselves and family.

C. To show how important and smart we are.

32 / 38

AF) the power of Money can be trap like

A. Drugs

B. Sex

C. Alcoholism

D. All of the above

33 / 38

AG) helping others with our money is important because

A. We may have to much of it which is bad

B. It proves that we are greedy

C. It shows that we understand money is just a tool that can be used to help others.

34 / 38

AH) What kind of emotions are attached to motives?

A. Elation

B. Depression

C. Stress

D. All of the above

35 / 38

AI) You can tell a lot about some one just by looking at…..?

A. Their Bank Account

B. Their Neighborhood

C. What they spend their money on

36 / 38

AJ) What is the purpose of money?

A. To buy Luxuries

B. A tool

C. The root of all evil.

37 / 38

AK) Each of us have God given Talents. Usually if we search and find out what you talent or purpose is we will be more …?

A. More wealthy than we could have ever imagined

B. Live in a big house

C. A gift to society and helpful to those around us

38 / 38

AL) Wealth and Power do not mean you are happy and are successful. Many people have had money and power but were not happy or content. Name one person that fits that description.

A. Mother Tereasa

B. Adolf Hitler

C. Patrick Henery

Your score is

The average score is 2%

0%

CHUMPCHANGE MINISTRIES

We help families become financially stronger.

Parent Classes

Student Classes

Ages 15 to 20