QR Challenge: Credit

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. A mortgage is an example of_______ credit	closed-end
2. A loan from a family member is an example of an	inexpensive loan
3. a credit cardholder who does not pay off his or her balance in full each month	borrower
4. loan is one guaranteed to be repaid through safe collateral	secured loan
5. decreases the buying power of money	inflation
6. a credit bureau	equifx
7. If you file for Chapter__ Bankruptcy, you will have to sell most of your assets	7
8. An example of open-end credit is a	credit card
9. The interest is tax deductible on a	home equity loan
10. Credit card holders are known as ______ when they pay off their balances each month	convenience users
11. The total dollar amount you pay to use credit is the	finance charge
12. In a Chapter __bankruptcy, the debtor usually gets to keep most of his or her property	13
13. the cost of credit on a yearly basis, expressed as a percentage	APR
14. form of security to help guarantee that a creditor will be repaid	collateral
15. a time period during which no finance charges are added to a credit card account	grace period

 

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