Case Study No.31: Appendix 1 Who Wants to be a Millionaire...
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www.pfeg.org Excellence & Access Appendix 1 - Who Wants to be a Millionaire? - Personal finance edition Case Study No.31: Key Stage 3: A module in financial capability - Royds School, Leeds page 1 of 62 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 1. £100 2. £500 3. £1000 4. £2000 MEDIUM 5. £4000 6. £8000 7. £16,000 8. £32,000 HARD 9. £64,000 10. £125,000 11. £250,000 12. £500,000 13. £100,000,000
Transcript of Case Study No.31: Appendix 1 Who Wants to be a Millionaire...
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Excellence & Access Appendix 1 - Who Wants to be a Millionaire? - Personal finance editionCase Study No.31: Key Stage 3: A module in financial capability - Royds School, Leeds
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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 15MINUTES IS SPENT ON USING ‘COLOSSAL CARDS’ TO INTRODUCE SOMEDIFFERENT 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 thembecomes 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 lettersin 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. Watchcarefully 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 playMillionaire.
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.
EASY1. £100 2. £500 3. £1000 4. £2000
MEDIUM5. £4000 6. £8000 7. £16,000 8. £32,000
HARD9. £64,000 10. £125,000 11. £250,000 12. £500,000 13. £100,000,000
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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 torespond.
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 numberson 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 tothem. 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 theremaining contestants. Do this one more time and then ask the groups to choose another 6 newcontestants. 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 sortsof things they would buy or how they would use the money otherwise. This should gain someinteresting responses - some amusing. But would also reveal some information of what they think amillion 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 earninterest 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?
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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 18
23. 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
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Starter questionsHere 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. 2 + 3
C. 3 - 2
D. 4
3. 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
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Who Wants to be a Millionaire? - Personal finance edition
Easy questions1. How many pence in a pound?
A. 240p B. 50p C. 100p D. 75P2. What do the initials VAT stand for?
A. value added tax B. very awful tax C. value auto tax D. vile attitude tax3. Where would a business go to borrow money?
A. bank manager B. post office C. shop D. trade union4. How old do you have to be to have a paper round?
A. 9 B. 10 C. 13 D. 155. What is pay called before any tax is taken off?
A. gross pay B. full pay C. total pay D. wages6. What is the currency of France?
A. franc B. euro C. peseta D. dollar7. What is a regular payment made by your bank called?
A. standing order B. sitting order C. lying order D. out of order8. Where can you earn interest on your money?
A. in your piggy bank B. under your mattress C.in a safe D. in a bank9. What is the money you make from savings called?
A. profit B. interest C. value D. premium10. What is money given by a parent to a child called?
A. wallet money B. purse money C. pin money D. pocket money11. What is the name of local tax people pay on their homes?
A. poll tax B. value added tax C. income tax D. council tax12. Which of these things do people NOT have to have a licence for?
A. small aeroplane B. car C. television D. dog13. What is the currency in the USA?
A. euro B. dollar C. franc D. punt14. 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. £1515. A mortgage is a loan to buy a what?
A. bicycle B. kitchen C. car D. house16. 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 box17. Whose head can you find on a coin?
A. Posh Spice B. Beckham C. The Queen D. Prince Charles18. What does being ‘in the red’ mean?
A. In debt B. embarrassed C. having a good time D. dyeing your hair19. Which of these is not a type of foreign money?
A. yen B. dollar C. zip D. euro20. 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
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Medium difficulty questions21. Which of these is a debit card?
A. Barclaycard B. VISA C. Access D. Switch22. At what age can you open a bank account?
A. 14 B. 15 C. Any age but you D. 18have 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 words25. What is the name given to the annual rate of interest on money borrowed?
A. APR B. RNI C. AGM D. AFC26. Which of the following does NOT appear on a payslip?
A. tax taken away B. amount your earned C. date D. your age27. Which of the following symbols CANNOT be found on British pound coins?
A. Brittannia B. thistle C. dragon D. coat of arms28. Which coin has Brittannia on it?
A. 20p B. £2 C. 10p D. 50p29. What do the initials ISA stand for?
A. individual savings account B. instant savings accessC. 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. PIL32. What is your pay called after tax and other stoppages?
A. net pay B. gross pay C. low pay D. what’s left33. Who could help you if you bought some faulty goods?
A. headteacher B. trading standards officer C. your older brother D. your mum34. Which of these is not a type of insurance?
A. food B. buildings C. life D. holiday35. 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 statementC. 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 upC. exaggerating D. floating
39. What is the budget?A. an annual statement by the Chancellor B. a car rental firmC. 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
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Harder questions41. 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. 20
49. What is the rate of the minimum wage?A. £4.10 B. £3.90 C. £5.00 D. £4.50
50. Which government agency collects income tax?A. Inland Revenue B. HM Customs and ExciseC. Treasury D. Department of Work and Pensions
51. The money you pay for house or life insurance is calledA. 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 jobC. 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 moneyC. a type of indigestion D. not having any money
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MILLIONAIRE EASY QUESTION
1. How many pence in a pound?
240p 50p
100p 75P
A. B.
C. D.
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MILLIONAIRE EASY QUESTION
2. What do the initials VAT stand for?
Value Very awful added tax tax
Value Vile attitude auto tax tax
A. B.
C. D.
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MILLIONAIRE EASY QUESTION
3. Where would a business go to borrow money?
Bank Post officemanager
Shop Trade union
A. B.
C. D.
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MILLIONAIRE EASY QUESTION
4. How old do you have to be to have a paper round?
9 10
13 15
A. B.
C. D.
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MILLIONAIRE EASY QUESTION
5. What is pay called before any tax is taken off?
Gross pay Full pay
Total pay Wages
A. B.
C. D.
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MILLIONAIRE EASY QUESTION
6. What is the currency of France
Franc Euro
Peseta Dollar
A. B.
C. D.
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MILLIONAIRE EASY QUESTION
7. What is a regular payment made by a bank from a customer’saccount called?
standing sitting orderorder
lying order out of order
A. B.
C. D.
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MILLIONAIRE EASY QUESTION
8. Where can you earn interest on your money?
In your Under your piggy bank mattress
In a safe In a bank
A. B.
C. D.
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MILLIONAIRE EASY QUESTION
9. What is the money you can make from savings called?
Profit Interest
Value Premium
A. B.
C. D.
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MILLIONAIRE EASY QUESTION
10. What is the money given by a parent to a child called?
Wallet Purse money money
Pin money Pocket money
A. B.
C. D.
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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
A. B.
C. D.
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MILLIONAIRE EASY QUESTION
12. Which of these things do people NOT have to have a licencefor?
Small Caraeroplane
Television Dog
A. B.
C. D.
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MILLIONAIRE EASY QUESTION
13. What is the currency in the USA?
Euro Dollar
Franc Punt
A. B.
C. D.
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MILLIONAIRE EASY QUESTION
14. You are given a 10% discount on a pair of trainers costing£50. How much will you save?
£10 £5
£20 £15
A. B.
C. D.
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MILLIONAIRE EASY QUESTION
15. A mortgage is a loan to buy a what?
Bicycle Kitchen
Car House
A. B.
C. D.
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MILLIONAIRE EASY QUESTION
16. A piggy bank is a
place where hill wherepigs put pigs grazetheir money
type of type of bacon money box
A. B.
C. D.
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MILLIONAIRE EASY QUESTION
17. Whose head can you find on a coin?
Posh spice David Beckham
The Queen Prince Charles
A. B.
C. D.
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MILLIONAIRE EASY QUESTION
18. What does being ‘in the red’ mean?
In debt Embarrassed
Having a Dyeing your good time hair
A. B.
C. D.
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MILLIONAIRE QUESTION
19. Which of these is NOT a type of foreign currency?
yen dollar
zip euro
A. B.
C. D.
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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
A. B.
C. D.
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MILLIONAIRE MEDIUM QUESTION
21. Which of these is a debit card?
Barclaycard VISA
Access Switch
A. B.
C. D.
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MILLIONAIRE MEDIUM QUESTION
22. At what age can you open a bank account?
14 16
Any age 18
A. B.
C. D.
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MILLIONAIRE MEDIUM QUESTION
23. What is the value of a Euro in pence?
64p 50p
78p 115p
A. B.
C. D.
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MILLIONAIRE MEDIUM QUESTION
24. Which of the following does NOT appear on a cheque?
The date Signature
Amount in Your numbers addressand words
A. B.
C. D.
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MILLIONAIRE MEDIUM QUESTION
25. What is the name given to the annual rate of interest onmoney borrowed?
APR RNI
AGM AFC
A. B.
C. D.
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MILLIONAIRE MEDIUM QUESTION
26. Which of the following does NOT appear on a payslip?
tax taken amount you away earned
the date your age
A. B.
C. D.
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MILLIONAIRE MEDIUM QUESTION
27. Which of the following CANNOT be found on British poundcoins?
Britannia Thistle
Dragon Coat of arms
A. B.
C. D.
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MILLIONAIRE MEDIUM QUESTION
28. Which coin has Britannia on it?
20p £2
10p 50p
A. B.
C. D.
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MILLIONAIRE MEDIUM QUESTION
29. What do the initials ISA stand for?
Individual Instant savings savings account access
Instant Investment savings standard account account
A. B.
C. D.
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MILLIONAIRE MEDIUM QUESTION
30. Which card would you use to collect points at asupermarket?
Reward Discount card card
Debit card Credit card
A. B.
C. D.
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MILLIONAIRE MEDIUM QUESTION
31. What is the name of the secret number the bank gives you totake money out of a ‘hole in the wall’ machine?
PEN PIN
POD PIL
A. B.
C. D.
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MILLIONAIRE MEDIUM QUESTION
32. What is your pay called after tax and other stoppages havebeen taken out?
Net pay Gross pay
Low pay What’s left
A. B.
C. D.
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MILLIONAIRE MEDIUM QUESTION
33. Who could help you if you bought some faulty goods?
police trading officer standards
officer
traffic health and warden safety
inspector
A. B.
C. D.
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MILLIONAIRE MEDIUM QUESTION
34. Which of these is not a type of insurance?
Food Buildings
Life Holiday
A. B.
C. D.
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MILLIONAIRE MEDIUM QUESTION
35. Whose head is on the £10 note?
Charles Charles Darwin Dickens
Charles 1 Bonnie Prince Charlie
A. B.
C. D.
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page 43 of 62
MILLIONAIRE MEDIUM QUESTION
36. Which of these countries has the Euro as its currency?
Germany USA
Denmark Russia
A. B.
C. D.
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page 44 of 62
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
A. B.
C. D.
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page 45 of 62
MILLIONAIRE MEDIUM QUESTION
38. What is inflation?
a general blowing rise in something prices up
exaggerating a general fall the cost of in pricesthings
A. B.
C. D.
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page 46 of 62
MILLIONAIRE MEDIUM QUESTION
39. What is a budget?
an annual a car rentalstatement by the firmChancellor of the Exchequer
When the a type of petPrime Minister sells off unwanted furniture from No. 10
A. B.
C. D.
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page 47 of 62
MILLIONAIRE MEDIUM QUESTION
40. Which of these CANNOT be used directly to buy things in ashop?
Credit card Cheque
Debit card Cash card
A. B.
C. D.
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MILLIONAIRE HARD QUESTION
41. Whose head is on a £20 note?
William Oliver Shakespeare Cromwell
Edward John Elgar Lennon
A. B.
C. D.
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page 49 of 62
MILLIONAIRE HARD QUESTION
42. Which of these banks no longer exists?
Barclay’s Lloyd’s
Midland Royal bank of Scotland
A. B.
C. D.
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MILLIONAIRE HARD QUESTION
43. Where is the European Central Bank?
Frankfurt Paris
Rome London
A. B.
C. D.
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page 51 of 62
MILLIONAIRE HARD QUESTION
44. What is the Footsie?
a list of a list of shares house prices
a list of a list of trainer banks and prices their profits
A. B.
C. D.
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MILLIONAIRE HARD QUESTION
45. Which cathedral is on a £20 note?
Worcester Gloucester
York Westminster
A. B.
C. D.
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page 53 of 62
MILLIONAIRE HARD QUESTION
46. What is the rate of VAT tax?
10% 15%
17.5% 20%
A. B.
C. D.
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page 54 of 62
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 £2.50 £3.20
A. B.
C. D.
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MILLIONAIRE HARD QUESTION
48. At what age can people get the minimum wage?
18 21
25 20
A. B.
C. D.
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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
A. B.
C. D.
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page 57 of 62
MILLIONAIRE HARD QUESTION
50. Which department of the government collects income tax?
Inland The TreasuryRevenue
Customs Employmentand Excise
A. B.
C. D.
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page 58 of 62
MILLIONAIRE HARD QUESTION
51. The money you pay for house or life insurance is called
the risk the premisepayment
the down the premiumpayment
A. B.
C. D.
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MILLIONAIRE HARD QUESTION
52. What risks does ‘contents’ insurance cover?
contents of contents of a book your home
contents of contents of your car your will
A. B.
C. D.
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MILLIONAIRE HARD QUESTION
53. What is the dole?
Unemploy- Housing ment benefit benefit
Family Child benefitbenefit
A. B.
C. D.
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page 61 of 62
MILLIONAIRE HARD QUESTION
54. What is a ‘means’ test?
a type of a test you intelligence must take test before
getting a job
an unfair when your income exam and savings are
taken into account before you get a benefit
A. B.
C. D.
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MILLIONAIRE HARD QUESTION
55. What is insolvency?
Not being Owing able to pay moneyyour debts
Not having a type of any money indigestion
A. B.
C. D.
