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The $10 Million Deposit

KAHOOT VERSION

Banking

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1. Which major corporation recently deposited $10 million at a Black-led credit union?

  1. Facebook
  2. Amazon
  3. Netflix
  4. Google

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THE $10 MILLION DEPOSIT | SEPTEMBER 4, 2020 EDITION | NEXT GEN PERSONAL FINANCE

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1. Which major corporation recently deposited $10 million at a Black-led credit union?

  • Facebook
  • Amazon
  • Netflix
  • Google

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THE $10 MILLION DEPOSIT | SEPTEMBER 4, 2020 EDITION | NEXT GEN PERSONAL FINANCE

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2. Netflix made a pledge to maintain _____ of its cash at financial institutions that service Black Americans.

  • 2%
  • 10%
  • 25%
  • 50%

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2. Netflix made a pledge to maintain _____ of its cash at financial institutions that service Black Americans.

  • 2%
  • 10%
  • 25%
  • 50%

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THE $10 MILLION DEPOSIT | SEPTEMBER 4, 2020 EDITION | NEXT GEN PERSONAL FINANCE

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3. In July of 2020, Netflix hired Bozoma Saint John as the first Black executive among their top 8 officers. Her job title is:

  • Chief Executive Officer
  • Chief Marketing Officer
  • Chief Financial Officer
  • Chief Legal Officer

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THE $10 MILLION DEPOSIT | SEPTEMBER 4, 2020 EDITION | NEXT GEN PERSONAL FINANCE

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3. In July of 2020, Netflix hired Bozoma Saint John as the first Black executive among their top 8 officers. Her job title is:

  • Chief Executive Officer
  • Chief Marketing Officer
  • Chief Financial Officer
  • Chief Legal Officer

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THE $10 MILLION DEPOSIT | SEPTEMBER 4, 2020 EDITION | NEXT GEN PERSONAL FINANCE

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4. Which of the following accurately describes the racial wealth gap in America?

  • Black families have half the wealth of white families
  • White families have half the wealth of Black families
  • Black families have 1/10 the wealth of white families
  • White families have 1/10 the wealth of Black families

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4. Which of the following accurately describes the racial wealth gap in America?

  • Black families have half the wealth of white families
  • White families have half the wealth of Black families
  • Black families have 1/10 the wealth of white families
  • White families have 1/10 the wealth of Black families

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THE $10 MILLION DEPOSIT | SEPTEMBER 4, 2020 EDITION | NEXT GEN PERSONAL FINANCE

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5. The CEO of Hope Credit Union, Bill Bynam, says Netflix made an important move because:

  • he gets to choose how the $10M is used
  • it could influence other corporations to take action
  • it can undo the financial impact of Covid
  • the national average credit score will go up

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THE $10 MILLION DEPOSIT | SEPTEMBER 4, 2020 EDITION | NEXT GEN PERSONAL FINANCE

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5. The CEO of Hope Credit Union, Bill Bynam, says Netflix made an important move because:

  • he gets to choose how the $10M is used
  • it could influence other corporations to take action
  • it can undo the financial impact of Covid
  • the national average credit score will go up

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THE $10 MILLION DEPOSIT | SEPTEMBER 4, 2020 EDITION | NEXT GEN PERSONAL FINANCE

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You’ve completed the exercise, now it’s time to learn

more about the current event:

THE $10 MILLION DEPOSIT | SEPTEMBER 4, 2020 EDITION | NEXT GEN PERSONAL FINANCE

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Discussion Prompt:

Do you think Netflix will be seen as a leader by other large corporations? Why or why not?

THE $10 MILLION DEPOSIT | SEPTEMBER 4, 2020 EDITION | NEXT GEN PERSONAL FINANCE

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Extend Your Learning

Relevant Resources from NGPF:

  • SC 2.4 Where to Save (Full Lesson)
  • What is Wealth? (Video Library)
  • What industry sector is least trusted by consumers? (Question of the Day)

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References:

  • Black Lives Matter May Be the Largest Movement in U.S. History (NY Times)
  • Netflix's $10 Million Deposit (WSJ Podcast)
  • Netflix makes $100 million commitment to support Black communities in the United

States (CNBC)

  • Netflix’s $10 million investment will help HOPE close state’s wealth gap (Mississippi

Today)

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THE $10 MILLION DEPOSIT | SEPTEMBER 4, 2020 EDITION | NEXT GEN PERSONAL FINANCE