Consumer Skills EverFi Module 4
how does a consumer know whether a purchase may be a good deal?
Both A and B
making a good purchasing decisions requires _______
all of the above
what are possible red flags or signs of a scam when buying a car?
both a and c
when making a large purchase, you should avoid everything EXCEPT ___________
a price that fits comfortably in your budget
when you are deciding what to buy, you should not...
assume that buying the cheapest item is the smartest choice
which housing option gives you more freedom and more responsibility?
buying a house
which payment option is not accepted online?
cash
which forms of payment is linked to a bank account which limits the amount of money you can spend to balance in your account?
checks & debit cards
which payment option can offer additional security like fraud protection?
credit card
why is figuring out the unit price of something useful when shopping?
it helps you determine the best deal
which fact supports the idea that renting is a good option for living in a place for a short period of time?
landlords take care of most maintenance
which of the following is NOT a useful strategy when making an informed purchase?
purchase a product based on a social media influencer
how is a post from a social media influencer different than a comment from a regular consumer?
the influencer is paid to post the product
a pack of 24 pencils is more expensive than 12 pencils, but why could buying the 24 pack be the better deal?
the price of each pencil, or the unit price, is actually cheaper in the 24 pack
what is the best reason for why someone would want to lease a house instead of buy one?
they are planning on living there for a short period of time
the price of a single item within a group of items is known as the _______ of the item
unit price
which forms of payment is linked to a bank account which limits the amount of money you can spend to balance your account?
checks & debit cards
which payment option could have interest charged to you?
credit card
leasing a car may be a better option than buying a car if...
you don't plan on having it for long and don't want to worry about regular maintenance
which payment option takes money out of your bank immediately?
debit card
which of the following is NOT be a warning sign of a scam when buying a car or other big purchase?
a price that fits comfortable in your budget
what is one of the best ways to get reliable information about a product?
search online reviews
which of the following is NOT an advantage of owning a car?
smaller down and monthly payments than leasing a car (it keeps saying it's wrong for some reason)
which method of payment actually is a form of borrowing money that needs to be paid back later?
credit card
which example shows an advantages of owning a car over leasing one?
no restrictions on the number of miles to drive and the ability to customize, or make changes to the car
how is an advertisement different from a comment from a regular consumer?
the advertisement is likely one-sided