ScienceEconomicsConsumer Skills EverFi Module 4
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Consumer Skills EverFi Module 4

Finnian Jackson avatar Finnian Jackson
25 July 2022
4.7 (114 reviews)
26 test answers
question
which payment option takes money out of your bank immediately?
answer
debit card
question
which forms of payment is linked to a bank account which limits the amount of money you can spend to balance your account?
answer
checks & debit cards
question
which of the following is NOT be a warning sign of a scam when buying a car or other big purchase?
answer
a price that fits comfortable in your budget
question
a pack of 24 pencils is more expensive than 12 pencils, but why could buying the 24 pack be the better deal?
answer
the price of each pencil, or the unit price, is actually cheaper in the 24 pack
question
what is the best reason for why someone would want to lease a house instead of buy one?
answer
they are planning on living there for a short period of time
question
how does a consumer know whether a purchase may be a good deal?
answer
Both A and B
question
which housing option gives you more freedom and more responsibility?
answer
buying a house
question
how is an advertisement different from a comment from a regular consumer?
answer
the advertisement is likely one-sided
question
making a good purchasing decisions requires _______
answer
all of the above
question
which payment option could have interest charged to you?
answer
credit card
question
which payment option can offer additional security like fraud protection?
answer
credit card
question
what is one of the best ways to get reliable information about a product?
answer
search online reviews
question
which example shows an advantages of owning a car over leasing one?
answer
no restrictions on the number of miles to drive and the ability to customize, or make changes to the car
question
what are possible red flags or signs of a scam when buying a car?
answer
both a and c
question
why is figuring out the unit price of something useful when shopping?
answer
it helps you determine the best deal
question
which payment option is not accepted online?
answer
cash
question
when you are deciding what to buy, you should not...
answer
assume that buying the cheapest item is the smartest choice
question
which forms of payment is linked to a bank account which limits the amount of money you can spend to balance in your account?
answer
checks & debit cards
question
which fact supports the idea that renting is a good option for living in a place for a short period of time?
answer
landlords take care of most maintenance
question
the price of a single item within a group of items is known as the _______ of the item
answer
unit price
question
which method of payment actually is a form of borrowing money that needs to be paid back later?
answer
credit card
question
which of the following is NOT an advantage of owning a car?
answer
smaller down and monthly payments than leasing a car (it keeps saying it's wrong for some reason)
question
which of the following is NOT a useful strategy when making an informed purchase?
answer
purchase a product based on a social media influencer
question
how is a post from a social media influencer different than a comment from a regular consumer?
answer
the influencer is paid to post the product
question
leasing a car may be a better option than buying a car if...
answer
you don't plan on having it for long and don't want to worry about regular maintenance
question
when making a large purchase, you should avoid everything EXCEPT ___________
answer
a price that fits comfortably in your budget
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question
which payment option takes money out of your bank immediately?
answer
debit card
question
which forms of payment is linked to a bank account which limits the amount of money you can spend to balance your account?
answer
checks & debit cards
question
which of the following is NOT be a warning sign of a scam when buying a car or other big purchase?
answer
a price that fits comfortable in your budget
question
a pack of 24 pencils is more expensive than 12 pencils, but why could buying the 24 pack be the better deal?
answer
the price of each pencil, or the unit price, is actually cheaper in the 24 pack
question
what is the best reason for why someone would want to lease a house instead of buy one?
answer
they are planning on living there for a short period of time
question
how does a consumer know whether a purchase may be a good deal?
answer
Both A and B
question
which housing option gives you more freedom and more responsibility?
answer
buying a house
question
how is an advertisement different from a comment from a regular consumer?
answer
the advertisement is likely one-sided
question
making a good purchasing decisions requires _______
answer
all of the above
question
which payment option could have interest charged to you?
answer
credit card
question
which payment option can offer additional security like fraud protection?
answer
credit card
question
what is one of the best ways to get reliable information about a product?
answer
search online reviews
question
which example shows an advantages of owning a car over leasing one?
answer
no restrictions on the number of miles to drive and the ability to customize, or make changes to the car
question
what are possible red flags or signs of a scam when buying a car?
answer
both a and c
question
why is figuring out the unit price of something useful when shopping?
answer
it helps you determine the best deal
question
which payment option is not accepted online?
answer
cash
question
when you are deciding what to buy, you should not...
answer
assume that buying the cheapest item is the smartest choice
question
which forms of payment is linked to a bank account which limits the amount of money you can spend to balance in your account?
answer
checks & debit cards
question
which fact supports the idea that renting is a good option for living in a place for a short period of time?
answer
landlords take care of most maintenance
question
the price of a single item within a group of items is known as the _______ of the item
answer
unit price
question
which method of payment actually is a form of borrowing money that needs to be paid back later?
answer
credit card
question
which of the following is NOT an advantage of owning a car?
answer
smaller down and monthly payments than leasing a car (it keeps saying it's wrong for some reason)
question
which of the following is NOT a useful strategy when making an informed purchase?
answer
purchase a product based on a social media influencer
question
how is a post from a social media influencer different than a comment from a regular consumer?
answer
the influencer is paid to post the product
question
leasing a car may be a better option than buying a car if...
answer
you don't plan on having it for long and don't want to worry about regular maintenance
question
when making a large purchase, you should avoid everything EXCEPT ___________
answer
a price that fits comfortably in your budget