QR Challenge: Financial Plan Scavenger Hunt Answers

Created using the ClassTools QR Treasure Hunt Generator

Teacher Notes

A. Prior to the lesson:

1. Arrange students into groups. Each group needs at least ONE person who has a mobile device.

2. If their phone camera doesn't automatically detect and decode QR codes, ask students to

• Download a QR reader (e.g. I-Nigma | NeoReader | Kaywa) onto their mobile devices
• Bring these devices into the lesson.

3. Print out the QR codes.

4. Cut them out and place them around your class / school.

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B. The lesson:

1. Give each group a clipboard and a piece of paper so they can write down the decoded questions and their answers to them.

2. Explain to the students that the codes are hidden around the school. Each team will get ONE point for each question they correctly decode and copy down onto their sheet, and a further TWO points if they can then provide the correct answer and write this down underneath the question.

3. Away they go! The winner is the first team to return with the most correct answers in the time available. This could be within a lesson, or during a lunchbreak, or even over several days!

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C. TIPS / OTHER IDEAS

4. A detailed case study in how to set up a successful QR Scavenger Hunt using this tool can be found here.

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Questions / Answers (teacher reference)

Question	Answer
1. process of forecasting future expenses and income	#
2. This is like rent on money - cost of using money	#
3. Making decisions about how much cash or liquid assets to keep in reserve	#
4. Making decisions about getting and using credit	#
5. Ownership	#
6. Taking a loan is financing	#
7. Money coming in	#
8. Possibility of financial loss	#
9. What we owe, our debt	#
10. This refers to how much readily available cash you have on hand to meet wants and needs	#
11. Anything we own	#
12. Interest rate, length of loan and other information lender provides	#
13. Specifying financial goals and describing in detail the spending, investments and spending required to reach those goals.	#
14. This includes buildings and land	#
15. Difference between Assets and Liabilities	#

 

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