Grade 9 Lesson #15

Jeopardy Review GameSS.912.FL.3.4 Describe ways that money received (or paid) in the future can be compared to money held today by discounting the future value based on the rate of interest.

SS.912.FL.3.5 Explain ways that government agencies supervise and regulate financial institutions to help protect the safety, soundness, and legal compliance of the nation’s banking and financial system.

SS.912.FL.5.6 Describe how diversifying investments in different types of financial assets can lower investment risk.

Correlated Literacy Standards:LAFS.910.SL.1.1 Initiate and participate effectively in a range of collaborative discussions (one on-one, in groups, and teacher-led) with diverse partners on grades 9–10 topics, texts, and issues, building on others’ ideas and expressing their own clearly and persuasively.

LAFS.1112.RH.1.2 Determine the central ideas or information of a primary or secondary source; provide an accurate summary that makes clear the relationships among the key details and ideas.

SS.912.FL.3.4 Describe ways that money received (or paid) in the future can be compared to money held today by discounting the future value based on the rate of interest.

SS.912.FL.3.5 Explain ways that government agencies supervise and regulate financial institutions to help protect the safety, soundness, and legal compliance of the nation’s banking and financial system.

SS.912.FL.5.6 Describe how diversifying investments in different types of financial assets can lower investment risk.

Jeopardy Review Game

Lesson #15

Correlated Florida Standards (See Full Text on Cover Page) LAFS.910.SL.1.1 LAFS.1112.RH.1.2

Essential Questions What essential concepts and skills have been learned in the financial literacy unit?

Learning Goals/ObjectivesThe students will…

Develop Jeopardy-style questions that demonstrate their knowledge of the content and skills presented in the financial literacy unit.

Demonstrate their knowledge of the content and skills presented in the financial literacy unit by participating in a classroom Jeopardy game.

Compose an essay summarizing the three most important financial literacy concepts they learned in the unit.

Overview

The students will review of the concepts and skills learned in the financial literacy unit by working in groups to develop Jeopardy-style review questions. Students will also participate in a Jeopardy classroom game utilizing the questions developed by the groups. Additionally, students will have a take-home essay assessment on financial literacy.

Materials Access to classroom display board to display the Jeopardy board game. Optional Student Activity sheet entitled, Jeopardy Questions (Included in the lesson). Optional Sample Jeopardy Questions- Using Credit, Protecting and Insuring, and Financial

Investing (Included in the lesson). Student Essay Scoring Rubric (Included in lesson).

Key Vocabulary

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The terms and concepts previously presented in the financial literacy unit.

Time

Ideally, the time allocated for this lesson is two days, but may be modified to fit the teacher’s schedule. (Two game options are presented in the lesson.) Students will need adequate time to research and work together as a group prior to the time allocated for the Jeopardy game. For a block-scheduled class or as an extension activity, you may want to include the optional extension suggestion/home learning assignment.

Activity SequenceINTRODUCTION/HOOK

1. Explain that in this lesson, students will work in groups to develop Jeopardy-style review questions based on the content and skills they have learned in the financial literacy unit. Student teams will also participate in a classroom Jeopardy game. (2 Minutes)

ACTIVITYDay #1 – Creating the Questions

1. Explain the following:

a. Groups of 3-5 students will work together to create Jeopardy-style questions on the content, terms, and concepts learned in the financial literacy unit.

b. Student groups will later participate in the Jeopardy game to demonstrate their understanding of financial literacy concepts. (3 Minutes)

2. Once student groups have been formed, provide time for the students to write Jeopardy-style questions as follows:

a. Each group should write five questions and answers for each of the following financial literacy content categories: Earning Income, Saving, Using Credit, Protecting and Insuring, and Financial Investing.

OPTIONAL: With time being a major factor, teachers may choose to have students develop questions for only the first two categories - Earning Income and Savings. If this option is used, a number of sample questions for the remaining categories are provided. See Sample Jeopardy Questions- Using Credit, Protecting and Insuring, and Financial Investing (Included in the lesson).

b. Each Jeopardy question should be written in varying degrees of difficulty with questions worth 10, 20, 30, 40 or 50 points (10 point questions being the easiest and 50 point questions the hardest).

c. All questions should be in Jeopardy format. For example: Not putting “all your eggs in one basket” describes this investment strategy. (What is diversification?)

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d. All questions should be identified by the Category and Amount (e.g., ., Financial Investing, 50 points)

OPTIONAL: Teachers may choose to have students write their questions on the Student Activity sheet entitled , Jeopardy Questions (Included in the lesson).

3. Collect all questions from each student group.

Day #2 – Playing the Game

SUGGESTED GAME OPTIONS:

1. To play Jeopardy, teachers may select the game option that works best for their class and schedule.

a. Teacher-Developed Game – In this option, the teacher selects the questions for the Jeopardy game by using the questions written by the students the previous day. If this option is used, two rounds may be played – Jeopardy and Double Jeopardy. Also, if time permits, consider playing several rounds so more student groups may participate.

b. Student-Developed Game: This option requires the students to develop and manage the Jeopardy game. Select one or more of the student groups to organize the Jeopardy game by selecting questions from those they wrote the day before. If this option is selected, more class time will be needed to give student groups time to select the questions and set up the game.

2. After deciding what option to use to play Jeopardy, explain the following general game rules:

a. Each group must select a spokesperson. Only that person may state the answer. This person will raise their hand if their group knows the answer.

b. The question will be read in its entirety. The teacher will call on the student spokesperson who raised their hand first to respond.

c. The group will have 10 seconds to confer with their group before they must answer the question. The answer must be in question format; e.g., What is a Certificate of Deposit?

d. No one can shout out the answer or the group will have points deducted from their score. e. If the group answers correctly, they receive the points allotted for that question and they control

the board by picking the next category and amount. If incorrect, the groups will take turns controlling the board.

f. If they answer incorrectly, the points for the question are deducted from their overall score. The second spokesperson to raise their hand will then be allowed to answer the question.

g. Once all of the categories and amounts are complete, the game is over.

CLOSURE Allow each group to select one question from their collection that they feel is the hardest. Play

“Stump the Class” with these final questions (5-10 minutes)

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OPTIONAL EXTENSION SUGGESTION/HOME LEARNING

For block-scheduled classes, homework, or as a lesson extension activity, have students write a five-paragraph essay responding to the following prompt:

What are the three most important lessons you have learned about personal finance in this unit? Explain how financial decisions impact your life both now and in the future.

A scoring rubric is provided for the teacher’s consideration (Included in the lesson).

Sources/Bibliographic Information that contributed to this lesson:

See Lessons #1-14 for sources.

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Jeopardy QuestionsGroup Members: _____________________________________________________________________

Class: _______________________________________________________________________________

Directions: Use this form to record the Jeopardy review questions written by your group. Use the following guidelines to write your questions:

1. Using your notes and other resources from the financial literacy unit, write five questions and answers for each of the following financial literacy content categories: Earning Income, Saving, Using Credit, Protecting and Insuring, and Financial Investing.

2. Each Jeopardy question should be written in varying degrees of difficulty with questions worth 10, 20, 30, 40 or 50 points (10 point questions being the easiest and 50 point questions the hardest).

3. All questions should be in Jeopardy format. For example: Not putting “all your eggs in one basket.” (What is diversification?)

Category #1 – Earning Income:

Example: 10 Points: The amount of money earned as payment for work, goods, services, or as a profit on an investment. (What is income?)

1. 10 Points:

2. 20 Points:

3. 30 Points:

4. 40 Points:

5. 50 Points:

Category #2 – Saving

1. 10 Points:

2. 20 Points:

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3. 30 Points:

4. 40 Points:

5. 50 Points:

Category #3 – Using Credit

1. 10 Points:

2. 20 Points:

3. 30 Points:

4. 40 Points:

5. 50 Points:

Category #4 – Protecting and Insuring

1. 10 Points:

2. 20 Points:

3. 30 Points:

4. 40 Points:

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5. 50 Points:

Category #5 – Financial Investing

1. 10 Points:

2. 20 Points:

3. 30 Points:

4. 40 Points:

5. 50 Points:

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Jeopardy Questions - Using Credit, Protecting and Insuring, and Financial Investing

There are five financial literacy content categories: Earning Income, Saving, Using Credit, Protecting and Insuring, and Financial Investing.

If time is limited, teachers may choose to have students develop questions for only the first two categories - Earning Income and Savings. Sample questions for the remaining categories are provided below; i.e., Using Credit, Protecting and Insuring, and Financial Investing. A game board for each of the two rounds of Jeopardy is also provided.

Sample Questions for Jeopardy (Round #1)

Using Credit

o 10- Name one of the three credit reporting agencies. (What is Experian, Transunion, or Equifax?)

o 20- Money a creditor makes available to a borrower to be paid back at a later time. (What is credit?)

o 30- Missing credit card payments often cause this to happen. (What is a raised Annual Percentage Rate?)

o 40- Failure to pay a loan when it is due. (What is default?)o 50- The most important factor in your credit score. (What is your payment history?)

Protecting and Insuring

o 10- An agreement with a company designed to give the consumer protection against an undesirable event or risk. (What is insurance?)

o 20- Name a type of insurance. (What is healthcare? homeowners? car? life? etc.)o 30- An individual in whose name an insurance policy is written. (What is a policy holder?)o 40- To steal your identity by pretending to be a legitimate company via email and requesting

your personal information. (What is phishing?)o 50- The portion of losses you agree to pay in the event of an accident. (What is a deductible?)

Financial Investing

o 10- The central bank of the United States. (What is the Federal Reserve Bank?)o 20- This term is used when you lose money on a stock. (What is negative return/loss?)o 30- Not “putting all of your eggs in one basket” describes this investment strategy. (What is

diversification?)o 40- The number of regional banks in the Federal Reserve system. (What is 12?)o 50- This government agency insures your bank accounts up to $250,000. (What is the Federal

Deposit Insurance Corporation or FDIC)?

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Jeopardy Game Board (Round #1)

This chart can be drawn on the board or projected from a computer on the board. After a category and amount is selected ,erase or delete that specific choice.

Earning Income Saving Using Credit Protecting and Insuring

Financial Investing

10 10 10 10 10

20 20 20 20 20

30 30 30 30 30

40 40 40 40 40

50 50 50 50 50

Questions for Double Jeopardy (Round 2)

Using Credit

o 20- How often can you order a credit report for free? (What is once per year?)o 40- This helps determine what interest rates you get for loans. (What is a credit score?)o 60- The interest rate or the cost of credit for one year (What is Annual Percentage Rate or

APR?)o 80- The legal term used when you cannot pay off your debts. (What is a bankruptcy?)o 100- Required credit payments usually made each month until the credit is repaid. (What is an

installment payment?)

Protecting and Insuring

o 20- This covers physical damage to the policyholder’s car after an automobile accident. (What is collision insurance?)

o 40- This type of insurance is used for when you get injured on your job. (What is Workers’ Compensation?)

o 60- This insurance protects medical doctors from lawsuits. (What is malpractice insurance?)o 80- The method used to steal your credit card number when swiping it in a store. (What is

skimming?)o 100- The government program that provides healthcare insurance for citizens 65 years of age

and older. (What is Medicare?)

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Financial Investing

o 20- A traditional and safe method of saving money in a bank. (What is a savings account?)o 40- Ownership or shares of a company. (What are stocks?)o 60- Interest paid on the principal and on the interest earned previously. (What is compound

interest?)o 80- The chance of losing money in investments. (What is risk?)o 100- By changing interest rates this bank encourages spending or saving. (What is the

Federal Reserve Bank?)

Double Jeopardy Game Board (Round 21)

This chart can be drawn on the board or projected from a computer on the board. After a category and amount is selected, erase or delete that specific choice.

Earning Income Saving Using Credit Protecting and Insuring

Financial Investing

20 20 20 20 20

40 40 40 40 40

60 60 60 60 60

80 80 80 80 80

100 100 100 100 100

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Essay Rubric (40 Points)

Introduction- Hook (1 point)- Thesis (4 points)

______ / 1______ / 4

1st Body Paragraph- Topic 1- Transition Word (1 point)- Topic Sentence (1 point)- 3 pieces of supporting evidence (4 points)- Why it matters? (4 points)

______ / 1______ / 1______ / 4______ / 4

2nd Body Paragraph- Topic 2- Transition Word (1 point)- Topic Sentence (1 point)- 3 pieces of supporting evidence (4 points)- Why it matters? (4 points)

______ / 1______ / 1______ / 4______ / 4

3rd Body Paragraph- Topic 3- Transition Word (1 point)- Topic Sentence (1 point)- 3 pieces of supporting evidence (4 points)- Why it matters? (4 points)

______ / 1______ / 1______ / 4______ / 4

Conclusion- Restate thesis (3 points)- Relevance to today (2 points)

______ / 3______ / 2

Total ______ / 40 Points

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