Category: Question of the Day

Question of the Day: What percent of 14-22 year olds have a bank account?

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Mar 20, 2019
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Question of the Day, Checking Accounts, Research
Answer: 67% Questions: Do you have a bank account? Why or why not? If so, at what age did you open it? How do you use your bank account?  What do you think the 1/3 of 14-22 year olds who don't have a bank account do with their money? This study surveyed 14-22 year-olds. At what age in this range do you think that more than 50% have a bank account? Explain. Here's the ready-to-go slides for this Question of the Day that you can use in your classroom. Behind the numbers (from American...

True or False. A parent can place a credit freeze on a minor under the age of 16 to protect against ID theft.

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Mar 19, 2019
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Question of the Day, Credit Cards, Credit Scores
Answer: TRUE Questions: What do you think a credit freeze does?  Why would you want to freeze your credit before you even have a credit card or other form of credit? Would you ask your parents to freeze your credit? Why or why not?  Here's the ready-to-go slides for this Question of the Day that you can use in your classroom. Behind the numbers (Federal Trade Commission): The new law also lets people like parents, guardians, and representatives acting on behalf of a young person in...

QoD: Can "free" checking accounts have fees?

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Mar 13, 2019
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Question of the Day, Checking Accounts
Answer: Yes, as long as they are not maintenance or activity fees.  Five fees that are not considered maintenance or activity fees: check-printing fees, balance-inquiry fees, dormant account fees, stop-payment fees, and ATM or electronic transfer fees not required to obtain an account Questions: Do you think it is misleading to have checking accounts advertised as "free" when they do have fees?  Do you think you might incur any of the fees mentioned above?  How can you find out...

QoD: What is the discount rate on private college tuition projected to be in 2019?

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Mar 12, 2019
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Question of the Day, Paying for College, Student Loans, Research
As award letters start flooding student inboxes this month and next, we thought this was an important question for students to know the answer to.  Answer: 39% Questions: What criteria do colleges use to determine the amount of the discount that a student might receive? Rather than list a discount percentage on your award letter, colleges provide financial aid and grants to reduce the cost of tuition. Why do you think they rarely use the word "discount" anywhere in their financial aid...

QoD: Which company performed better in its first two years as public company: SNAP or Facebook?

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Mar 11, 2019
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Question of the Day, Investing, Stocks
Hat tip to Beth Tallman for the idea for this question!  Answer: Facebook Snap just marked its second anniversary since going public on March 2, 2017 at a price of $17/share. Today it trades at $9.48, a 44% drop from its IPO price so investors who bought the IPO hype are licking their wounds.  Facebook went public on May 18, 2012 at a price of $38/share. Two years later, it was about $61/share, a 60% increase from its IPO price and as of March 8, 2019 the stock trades at $169. ...

QoD: What is the right age to get a credit card?

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Mar 10, 2019
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Question of the Day, Credit Cards
Answer (based on survey of 1,000 adults): 22 Questions: Do you have a credit card? If yes, when did you get it? If not, when do you hope to get one? Would you feel comfortable asking your parents to help you get a credit card as it is difficult to get a card before the age of 21 unless a parent co-signs or  you have a job?  Are you confident that you can manage having a credit card? Explain your answer.  Here's the ready-to-go slides for this Question of the Day...

QoD: 90% of credit card company terms and conditions require reading at what grade level?

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Mar 06, 2019
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Credit Cards, Question of the Day, Personal Finance, Research
Answer: College  Questions: Do you think it's important to read the terms and conditions for financial products? Why or why not? Did you ever wish that you had read the terms and conditions for anything that you have ever bought? Explain.  What do you think are some terms that you would want to know about before signing up for a credit card?  Here's the ready-to-go slides for this Question of the Day that you can use in your classroom. Behind the numbers (from Visible...

QoD: What industry sector is least trusted by consumers?

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Mar 05, 2019
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Question of the Day, Personal Finance, Research
Answer: Financial Services Questions: Why do you think that trust is important when it comes to a relationship between a company and its customers?  Do you trust financial services companies (banks, credit card companies, student loan providers)? Why or why not? Why do you think that others have so little trust in financial services companies? Are there examples of news stories that you can recall?  Which of these industry groups listed above do YOU trust the most? Why? Here's...

QoD: According to LinkedIn, what was the top "soft skill" that employers were looking for in 2018?

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Mar 04, 2019
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Question of the Day, Career, Research
Answer: Creativity Questions: In your own words, what is creativity? What jobs do you think think require creativity? Explain what parts of those jobs require creative thinking.  What's an example of a time that you demonstrated creativity either in school or on the job?  Which of the five soft skills would you consider strengths? weaknesses?  What are examples of jobs that require persuasion (#2 on the list)? Here's the ready-to-go slides for this Question of the Day...

QoD: What's the top financial app in the App Store: Venmo, Cash App or PayPal?

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Mar 03, 2019
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Question of the Day, Checking Accounts, Research
Answer: Cash App From App Annie (3/1/19):  Questions: Why do you think these person-to-person apps are so popular (top 3 on the list)? When do you think people find these apps most useful?  Do you have any finance apps on your phone? Why or why not?  What do you think are the most important criteria in choosing which finance apps to use?  Here's the ready-to-go slides for this Question of the Day that you can use in your classroom. Behind the numbers (Motley...

QoD: How much does the average player spend on Fortnite?

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Feb 27, 2019
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Question of the Day, Budgeting, Behavioral Finance
Answer: $84.67     Thanks to Yanely for the inspiration for this QoD! Questions: What do you think motivates people to make these in-game purchases? Name at least three. What are the ways that these developers “nudge” players to open up their wallets? Have you ever made any in-game purchases on other gaming sites? Here's the ready-to-go slides for this Question of the Day that you can use in your classroom. Behind the numbers (from LendEDU):  Fortnite, a...

QoD: On average, how many people apply for a typical corporate job?

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Feb 26, 2019
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Question of the Day, Career
Answer: 250 Questions: What do you think are the key factors that recruiters look for in a resume in deciding who to interview?  Why do you think that companies like to interview candidates before hiring them? What do you think you can do to increase your odds of being hired in a role that you are interested in?  Here's the ready-to-go slides for this Question of the Day that you can use in your classroom. Behind the numbers (Glassdoor): On average, each corporate job...

QoD: What number was larger in 2018: Theater Box Office Sales or Netflix streaming revenues?

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Feb 25, 2019
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Question of the Day, Budgeting, Current Events
Answer: Movie Box Office Sales at $11.9 billion but Netflix is catching up quickly with $7.6 billion in 2018 Question: When you think about your movie watching habits, what percent of your time is spent watching movies on Netflix (or other streaming service) compared to the movie theater?  How does the price of a monthly subscription to Netflix compare to a movie ticket?  Do you go to movie theaters more or less than you did five years ago?  Netflix recently announced that they...

QoD: What was the highest grossing movie in 2018?

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Feb 24, 2019
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Checking Accounts, Question of the Day, Research
Answer: Black Panther with $700 million in ticket sales Questions: How many of the top-10 movies did you see in 2018? How many did you watch at the theater? on a streaming service? How do you decide which movies to watch while in the theaters or on a streaming service? Despite the fact that streaming services are becoming increasingly popular, ticket sales at movie theaters hit a record high in 2018. Why do you think this is the case?  Click here for the ready-to-go slides for...

QoD: This week, the CEO of a major U.S. bank said tens of thousands of call center jobs could be replaced by ____________________.

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Feb 20, 2019
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Question of the Day, Career, Current Events, Checking Accounts
Answer: Machines Questions: What types of tasks do you think a bank call center employee handles (i.e. why do people call a bank's 800 number)?  If you were a call center employee at this bank or at other companies, would you be worried? What kind of tasks do you think machines will likely replace humans in the future?  What kind of jobs do you think are safe and will not be automated in the future? Click here for the ready-to-go slides for this Question of the...