Case Study No.31: Appendix 1 Who Wants to be a Millionaire? - Personal finance edition

Transcription

1 Case Study No.31: Appendix 1 Who Wants to be a Millionaire? - Personal finance edition FOR A CLASS OF 24 TO 30 PUPILS IF YOU HAVE MORE THAN ONE HOUR, IT IS STRONGLY RECOMMENDED THAT 15 MINUTES IS SPENT ON USING COLOSSAL CARDS TO INTRODUCE SOME DIFFERENT FORMS OF PAYMENT; CREDIT CARDS, CASH CARDS, CHEQUE ETC. TELL THE PUPILS THESE WILL BE IN THE QUIZ. Procedure The rules are broadly the same as the ITV version of Millionaire with some modifications. 1. Divide the class into groups of five/six students. Ask each group to draw lots for which of them becomes the contestant. Each group should provide one contestant. 2. Put five or six chairs at the front of the class and ask the contestants to sit in the chairs. 3. Read out a STARTER question or put them on an OHT: Give each student a piece of paper and a pen. Tell them that they must put the items in order from top to bottom on their paper by writing in the letters in order (eg. 1. B, 2. C, 3. A, 4. D). As soon as they have written the answers ask them to put the paper in the air above their heads. Watch carefully to spot the order. Then read out the answers. Ask students with correct answers to stand up. Ask the student with the correct answer who was first to display his answer sheet to come out and play Millionaire. 4. Proceed by asking the contestant the questions. The questions are grouped into easy (up to 8000), medium (up to 32000) and hard (up to 1million). Allow time for a response but not unlimited time as in the real game (one minute should be enough). Play the Chris Tarrant role as much as you like. EASY MEDIUM , ,000 HARD 9. 64, , , , ,000,000 page 1 of 62

2 If the students, can t give the answers in the minute, there are three lifelines: Phone a friend - the student chooses one friend from their group. Give this friend 20 seconds to respond. 50/50 - take away two wrong answers and give them a choice of two options Ask the audience. Ask students to raise their hands in response to each answer and write the numbers on the board (20 say A, 10 say B etc.). They can only use each lifeline once. 5. Proceed with asking questions until they get a wrong answer. You can offer them a cheque made out to them. You can give them the cheque to go away with or a suitable prize for those reaching the million. 6. When the contestant has failed, he or she goes back to their group. Ask another starter question for the remaining contestants. Do this one more time and then ask the groups to choose another 6 new contestants. This is designed to keep the process rolling over and get more pupils involved. 7. If the quiz runs short of questions you can use the Activity below HOW WOULD YOU SPEND A MILLION POUNDS? Ask the pupils in pairs to discuss and note down what they would do with a million pounds - what sorts of things they would buy or how they would use the money otherwise. This should gain some interesting responses - some amusing. But would also reveal some information of what they think a million pounds is worth. Then ask them if they did the following: did they spend it all on themselves - houses, cars, yachts etc.? did they buy things for their family? did they give any money to charity - Should they? did they do anything for the local community? Should they? The other idea here is to pick up some other aspects of personal finance: did they save any money to provide income in the future? You could explain that they could earn interest in building societies, banks etc. so that money would grow. what would they have to do to protect all their new purchases? What risks would they now face? You could introduce the idea of insurance for house, goods, health etc. Debate some general issues: is it always good having a lot of money. Do houses and goods bring happiness? is it right that some people earn huge salaries - like football players and bosses of big companies - while other people get very little? page 2 of 62

3 Answers EASY 1. C 2. A 3. A 4. C 5. A 6. B 7. A 8. D 9. B 10. D 11. D 12. D 13. B 14. B 15. D 16. D 17. C 18. A 19. C 20. D MEDIUM 21. D 22. C - any age but can t borrow money till A 24. D 25. A 26. D 27. A 28. D 29. A 30. A 31. B 32. A 33. B 34. A 35. A 36. A 37. D 38. A 39. A 40. D HARDER 41. C 42. C 43. A 44. A 45. A 46. C 47. C 48. A 49. A 50. A 51. D 52. B 53. A 54. D 55. A page 3 of 62

4 Starter questions Here are some ideas. You could make up some which are to do with your school. 1. Put these amounts in order from lowest to highest A. 5 B. 1 C. 75p D. 250p 2. Put these in order from lowest to highest A. 2 x 3 B C. 3-2 D Put these famous events in order from earliest to latest A. The Queens Jubilee Celebrations B. The Second World War C. The first person into space D. The First World War 4. Put these names in alphabetical order A. Owen B. Rivaldo C. Beckham D. Carlos 5. Put these pop stars in order of the time they first became famous A. Will Young B. Cliff Richard C. Noel Galagher D. Mick Jagger page 4 of 62

5 Who Wants to be a Millionaire? - Personal finance edition Easy questions 1. How many pence in a pound? A. 240p B. 50p C. 100p D. 75P 2. What do the initials VAT stand for? A. value added tax B. very awful tax C. value auto tax D. vile attitude tax 3. Where would a business go to borrow money? A. bank manager B. post office C. shop D. trade union 4. How old do you have to be to have a paper round? A. 9 B. 10 C. 13 D What is pay called before any tax is taken off? A. gross pay B. full pay C. total pay D. wages 6. What is the currency of France? A. franc B. euro C. peseta D. dollar 7. What is a regular payment made by your bank called? A. standing order B. sitting order C. lying order D. out of order 8. Where can you earn interest on your money? A. in your piggy bank B. under your mattress C.in a safe D. in a bank 9. What is the money you make from savings called? A. profit B. interest C. value D. premium 10. What is money given by a parent to a child called? A. wallet money B. purse money C. pin money D. pocket money 11. What is the name of local tax people pay on their homes? A. poll tax B. value added tax C. income tax D. council tax 12. Which of these things do people NOT have to have a licence for? A. small aeroplane B. car C. television D. dog 13. What is the currency in the USA? A. euro B. dollar C. franc D. punt 14. You are given a 30 per cent discount on some trainers costing 50. How much will you save? A. 10 B. 5 C. 20 D A mortgage is a loan to buy a what? A. bicycle B. kitchen C. car D. house 16. A piggy bank is where: A. pigs put their money B. a hill where pigs graze C. a type of bacon D. a type of money box 17. Whose head can you find on a coin? A. Posh Spice B. Beckham C. The Queen D. Prince Charles 18. What does being in the red mean? A. In debt B. embarrassed C. having a good time D. dyeing your hair 19. Which of these is not a type of foreign money? A. yen B. dollar C. zip D. euro 20. What is a pension? A. a small house in France B. a deep thought C. a type of insurance D. money you save for when you retire page 5 of 62

6 Medium difficulty questions 21. Which of these is a debit card? A. Barclaycard B. VISA C. Access D. Switch 22. At what age can you open a bank account? A. 14 B. 15 C. Any age but you D. 18 have to be 18 to borrow money 23. What is the value of the euro in pence? A. 65p B. 50p C. 75p D. 120p 24. Which of the following does NOT have to appear on a cheque? A. today s date B. signature C. amount in numbers D. your address and words 25. What is the name given to the annual rate of interest on money borrowed? A. APR B. RNI C. AGM D. AFC 26. Which of the following does NOT appear on a payslip? A. tax taken away B. amount your earned C. date D. your age 27. Which of the following symbols CANNOT be found on British pound coins? A. Brittannia B. thistle C. dragon D. coat of arms 28. Which coin has Brittannia on it? A. 20p B. 2 C. 10p D. 50p 29. What do the initials ISA stand for? A. individual savings account B. instant savings access C. instant savings account D. investment standard account 30. Which card would you use to collect points at a supermarket? A. reward card B. discount card C. debit card D. credit card 31. What is the name of the secret number your bank gives you to allow you to take money from a hole in the wall machine? A. PEN B. PIN C. POD D. PIL 32. What is your pay called after tax and other stoppages? A. net pay B. gross pay C. low pay D. what s left 33. Who could help you if you bought some faulty goods? A. headteacher B. trading standards officer C. your older brother D. your mum 34. Which of these is not a type of insurance? A. food B. buildings C. life D. holiday 35. Whose head is on a 10 note? A. Charles Darwin B. Charles Dickens C. Charles 1 D. Bonnie Prince Charlie 36. Which of these countries uses the euro as its currency? A. Germany B. USA C. Denmark D. Russia 37. What is a cheque? A. a restaurant bill B. a bank statement C. a certificate to pay what you owe D. a way of paying for things without using cash 38. What is inflation? A. a general rise in prices B. blowing something up C. exaggerating D. floating 39. What is the budget? A. an annual statement by the Chancellor B. a car rental firm C. a sale D. a type of pet bird 40. Which of these CANNOT be used directly to buy things? A. Credit card B. cheque C. Debit card D. Cash card page 6 of 62

7 Harder questions 41. Whose head is on a 20 note? A. William Shakespeare B. Oliver Cromwell C. Sir Edward Elgar D. John Lennon 42. Which of these banks no longer exists? A. Barclay s B. Lloyd s C. Midland D. Royal Bank of Scotland 43. Where is the European Central Bank? A. Frankfurt B. Paris C. Rome D. London 44. What is the Footsie? A. a table game B. a type of trainer C. a listing of shares D. another name for athlete s 45. Which cathedral is on a 20 note? A. Worcester B. Gloucester C. York D. Westminster 46. What is the rate of VAT? A. 10% B. 15% C. 17.5% D: 12% 47. What is the name of the form that tells you how much you earned over a year? A. P45 B. B52 C. C5 D. U2 48. At what age can people get the minimum wage? A. 18 B. 21 C. 25 D What is the rate of the minimum wage? A B C D Which government agency collects income tax? A. Inland Revenue B. HM Customs and Excise C. Treasury D. Department of Work and Pensions 51. The money you pay for house or life insurance is called A. the risk payment B. the premise C. the down payment D. the premium 52. What risks does contents insurance cover? A. contents of a book B. contents of your home C. contents of your car D. contents of your will 53. What is the dole? A. unemployment benefit B. housing benefit C. child benefit D. family benefit 54. What is a means test? A. a type of intelligence test B. a test you must take before getting a job C. an unfair exam D. when your income and savings are taken into account before the government decides if you can get a benefit 55. What is insolvency? A. not being able to pay your debts B. owing money C. a type of indigestion D. not having any money page 7 of 62

8 MILLIONAIRE EASY QUESTION 1. How many pence in a pound? 240p 50p 100p 75P page 8 of 62

9 MILLIONAIRE EASY QUESTION 2. What do the initials VAT stand for? Value added tax Very awful tax Value Vile attitude auto tax tax page 9 of 62

10 MILLIONAIRE EASY QUESTION 3. Where would a business go to borrow money? Bank manager Post office Shop Trade union page 10 of 62

11 MILLIONAIRE EASY QUESTION 4. How old do you have to be to have a paper round? page 11 of 62

12 MILLIONAIRE EASY QUESTION 5. What is pay called before any tax is taken off? Gross pay Full pay Total pay Wages page 12 of 62

13 MILLIONAIRE EASY QUESTION 6. What is the currency of France Franc Euro Peseta Dollar page 13 of 62

14 MILLIONAIRE EASY QUESTION 7. What is a regular payment made by a bank from a customer s account called? standing order sitting order lying order out of order page 14 of 62

15 MILLIONAIRE EASY QUESTION 8. Where can you earn interest on your money? In your piggy bank Under your mattress In a safe In a bank page 15 of 62

16 MILLIONAIRE EASY QUESTION 9. What is the money you can make from savings called? Profit Interest Value Premium page 16 of 62

17 MILLIONAIRE EASY QUESTION 10. What is the money given by a parent to a child called? Wallet money Purse money Pin money Pocket money page 17 of 62

18 MILLIONAIRE EASY QUESTION 11. What is the name of the local tax people pay on their homes? Poll tax Value added tax Income tax Council tax page 18 of 62

19 MILLIONAIRE EASY QUESTION 12. Which of these things do people NOT have to have a licence for? Small aeroplane Car Television Dog page 19 of 62

20 MILLIONAIRE EASY QUESTION 13. What is the currency in the USA? Euro Dollar Franc Punt page 20 of 62

21 MILLIONAIRE EASY QUESTION 14. You are given a 10% discount on a pair of trainers costing 50. How much will you save? page 21 of 62

22 MILLIONAIRE EASY QUESTION 15. A mortgage is a loan to buy a what? Bicycle Kitchen Car House page 22 of 62

23 MILLIONAIRE EASY QUESTION 16. A piggy bank is a place where hill where pigs put pigs graze their money type of bacon type of money box page 23 of 62

24 MILLIONAIRE EASY QUESTION 17. Whose head can you find on a coin? Posh spice David Beckham The Queen Prince Charles page 24 of 62

25 MILLIONAIRE EASY QUESTION 18. What does being in the red mean? In debt Embarrassed Having a Dyeing your good time hair page 25 of 62

26 MILLIONAIRE QUESTION 19. Which of these is NOT a type of foreign currency? yen dollar zip euro page 26 of 62

27 MILLIONAIRE EASY QUESTION 20. What is a pension? A small A pen house in supplied by France a bank A type of Money you insurance save for when you retire page 27 of 62

28 MILLIONAIRE MEDIUM QUESTION 21. Which of these is a debit card? Barclaycard VISA Access Switch page 28 of 62

29 MILLIONAIRE MEDIUM QUESTION 22. At what age can you open a bank account? Any age 18 page 29 of 62

30 MILLIONAIRE MEDIUM QUESTION 23. What is the value of a Euro in pence? 64p 50p 78p 115p page 30 of 62

31 MILLIONAIRE MEDIUM QUESTION 24. Which of the following does NOT appear on a cheque? The date Signature Amount in Your numbers address and words page 31 of 62

32 MILLIONAIRE MEDIUM QUESTION 25. What is the name given to the annual rate of interest on money borrowed? APR RNI AGM AFC page 32 of 62

33 MILLIONAIRE MEDIUM QUESTION 26. Which of the following does NOT appear on a payslip? tax taken away amount you earned the date your age page 33 of 62

34 MILLIONAIRE MEDIUM QUESTION 27. Which of the following CANNOT be found on British pound coins? Britannia Thistle Dragon Coat of arms page 34 of 62

35 MILLIONAIRE MEDIUM QUESTION 28. Which coin has Britannia on it? 20p 2 10p 50p page 35 of 62

36 MILLIONAIRE MEDIUM QUESTION 29. What do the initials ISA stand for? Individual Instant savings savings account access Instant savings account Investment standard account page 36 of 62

37 MILLIONAIRE MEDIUM QUESTION 30. Which card would you use to collect points at a supermarket? Reward card Discount card Debit card Credit card page 37 of 62

38 MILLIONAIRE MEDIUM QUESTION 31. What is the name of the secret number the bank gives you to take money out of a hole in the wall machine? PEN PIN POD PIL page 38 of 62

39 MILLIONAIRE MEDIUM QUESTION 32. What is your pay called after tax and other stoppages have been taken out? Net pay Gross pay Low pay What s left page 39 of 62

40 MILLIONAIRE MEDIUM QUESTION 33. Who could help you if you bought some faulty goods? police trading officer standards officer traffic warden health and safety inspector page 40 of 62

41 MILLIONAIRE MEDIUM QUESTION 34. Which of these is not a type of insurance? Food Buildings Life Holiday page 41 of 62

42 MILLIONAIRE MEDIUM QUESTION 35. Whose head is on the 10 note? Charles Darwin Charles Dickens Charles 1 Bonnie Prince Charlie page 42 of 62

43 MILLIONAIRE MEDIUM QUESTION 36. Which of these countries has the Euro as its currency? Germany USA Denmark Russia page 43 of 62

44 MILLIONAIRE MEDIUM QUESTION 37. What is a cheque? a restaurant a bank bill statement a certificate a way of to pay what paying for you owe things without using cash page 44 of 62

45 MILLIONAIRE MEDIUM QUESTION 38. What is inflation? a general blowing rise in something prices up exaggerating the cost of things a general fall in prices page 45 of 62

46 MILLIONAIRE MEDIUM QUESTION 39. What is a budget? a car rental firm an annual statement by the Chancellor of the Exchequer a type of pet When the Prime Minister sells off unwanted furniture from No. 10 page 46 of 62

47 MILLIONAIRE MEDIUM QUESTION 40. Which of these CANNOT be used directly to buy things in a shop? Credit card Cheque Debit card Cash card page 47 of 62

48 MILLIONAIRE HARD QUESTION 41. Whose head is on a 20 note? William Shakespeare Oliver Cromwell Edward Elgar John Lennon page 48 of 62

49 MILLIONAIRE HARD QUESTION 42. Which of these banks no longer exists? Barclay s Lloyd s Midland Royal bank of Scotland page 49 of 62

50 MILLIONAIRE HARD QUESTION 43. Where is the European Central Bank? Frankfurt Paris Rome London page 50 of 62

51 MILLIONAIRE HARD QUESTION 44. What is the Footsie? a list of shares a list of house prices a list of trainer prices a list of banks and their profits page 51 of 62

52 MILLIONAIRE HARD QUESTION 45. Which cathedral is on a 20 note? Worcester Gloucester York Westminster page 52 of 62

53 MILLIONAIRE HARD QUESTION 46. What is the rate of VAT tax? 10% 15% 17.5% 20% page 53 of 62

54 MILLIONAIRE HARD QUESTION 47. Which of these offers the best value for money? 500g of 250g of butter for 2 butter for 1 750g of 1000g of butter for butter for page 54 of 62

55 MILLIONAIRE HARD QUESTION 48. At what age can people get the minimum wage? page 55 of 62

56 MILLIONAIRE QUESTION 49. What is the rate of the national minimum wage? 4.10 per 3.90 per hour hour 5.00 per 4.50 per hour hour page 56 of 62

57 MILLIONAIRE HARD QUESTION 50. Which department of the government collects income tax? Inland Revenue The Treasury Customs and Excise Employment page 57 of 62

58 MILLIONAIRE HARD QUESTION 51. The money you pay for house or life insurance is called the risk payment the premise the down payment the premium page 58 of 62

59 MILLIONAIRE HARD QUESTION 52. What risks does contents insurance cover? contents of a book contents of your home contents of your car contents of your will page 59 of 62

60 MILLIONAIRE HARD QUESTION 53. What is the dole? Unemployment benefit Housing benefit Family benefit Child benefit page 60 of 62

61 MILLIONAIRE HARD QUESTION 54. What is a means test? A. a type of B. a test you intelligence must take test before getting a job an unfair exam when your income and savings are taken into account before you get a benefit page 61 of 62

62 MILLIONAIRE HARD QUESTION 55. What is insolvency? Not being Owing able to pay money your debts Not having any money a type of indigestion page 62 of 62