Unit 5 Economics Escape Room

Unit 5 EconoFARM ESCAPE ROOM

e-i-e-i-ooooooo

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Chickens and their eggs

Collect chicken eggs for each correct answer

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question 1/4

What term refers to the measure of an individual's or entity's ability to repay borrowed money?

Credit Worthiness

Prime Rate

Collect

Compound Interest

question 2/4

Maria takes out a loan from a bank to purchase a car. What role does the bank play in this transaction?

Investor

Collect

Borrower

Lender

question 3/4

What type of investment represents ownership in a corporation and typically pays dividends to shareholders?

Certificate of Deposit

Stock

Collect

Bond

question 4/4

What term describes the total amount of money earned from an investment, including interest, dividends, and capital gains?

Savings

Collect

Returns

Debt

Well done! Happy chickens=More Profit!

Cluck, Cluck...

continue

Cows and their milk

Milk the cows for each correct answer

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QUESTION 1/4

Julio applies for a loan from a bank to start his own business. What factor will the bank consider when assessing Julio's credit worthiness?

Earnings

Risk

Milking

Current Yield

QUESTION 2/4

David purchases a government bond that pays a fixed interest rate semi-annually. Interest is added to the principal amount, and subsequent interest calculations are based on the updated principal. What type of interest is David earning?

Milking

Simple Interest

Compound Interest

Prime Interest

question 3/4

Rachel invests $2,000 in a Mutual Fund and receives quarterly payments from the fund's earnings. What are these payments called?

Returns

Milking

Interest

Dividends

question 4/4

Charlie received $500 from his grandfather for his 18th birthday. Charlie decides to use the $500 as a down payment on a new Ford F250 Truck. Charlie used his $500 as...

A medium of exchange

Milking

A store of value

A unit of account

Well done! Happy cows= More Milk = More profit for EconFarmer!

Mmoooo...

continue

Pigs and their food

Feed the pigs for each correct answer

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QUESTION 1/4

John invests in a Mutual Fund, which pools money from multiple investors to purchase stocks, bonds, or other assets. What is the primary advantage of investing in a Mutual Fund?

Guaranteed returns

High-risk potential

Feed

Fixed interest rates

Diversification

QUESTION 2/4

Ashante takes a loan out of the bank. She pays her loan off in monthly installments, and after 36 months, she is debt free. What is the bank's profit from giving Ashante this loan?

Return

Credit

Feed

Interest

Wages

QUESTION 3/4

Alex purchases a government bond with a fixed interest rate. What is the primary function of this bond?

Medium of Exchange

Store of Value

Feed

Unit of Account

Profit motive

QUESTION 4/4

Fred has chosen to invest in the form of a loan to the government in exchange for periodic interest payments and the return of the initial investment at maturity. What type of investment has Fred chosen?

Stock

Bond

Feed

CD

Mutual Fund

Well done! Happy pigs are great for Econofarm!

OinK, oink...

continue

Sheep and their wool

Shearing sheep wool for each correct answer

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question 1/4

Malichai invests $500 in a Certificate of Deposit (CD) with a fixed interest rate of 3% per annum. How much interest will Mark earn after two years?

$30

$15

Shearing

$6

question 2/4

Emma deposits $500 into a savings account with an annual interest rate of 3%. How much interest will Emma have earned after 2 years, assuming interest is compounded annually?

$30

Shearing

$45.30

$30.45

question 3/4

Sava is looking for a safe and secure way to save money for her future goals. After discussing her options with a financial advisor, she learns about a Certificate of Deposit (CD). What is the primary purpose of a Certificate of Deposit (CD)?

To earn a fixed rate of interest over a specific period

Shearing

To minimize risk through diversification

To provide a flexible investment option

question 4/4

Alex is planning to buy a new smartphone, and he's comparing prices at different stores to find the best deal. He notices that one store is selling the phone for $600, while another store has it priced at $550. Alex realized that this comparison is a good example of how money functions as...

A medium of exchange

A unit of account

Shearing

A store of value

Well done! Happy sheep and wool to sell is great for Econofarm!

Beeeehehe...

continue

All right, daily chores done!

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FInalize

CONGRATULATIONS! Your Password for Connexus is: High

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It got dark and you haven't finished your daily chores! Review your Unit 5 Vocab and try again!

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