Econ consumer skills
How does a consumer know whether a purchase may be a good deal?
A large percentage of positive customer ratings offer detailed explanations. and The item has the most features compared to other similar items.
What are possible red flags or signs of a scam when buying a car?
Being told your financing fell through and Charging of excessive fees
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 method of payment actually is a form of borrowing money that needs to be paid back later?
Credit Card
Which payment option could have interest charged to you? a. Cash
Credit Card
Which payment option takes money out of your bank immediately?
Debit Card
Which of the following is NOT an advantage of owning a car?
Drive unlimited number of miles
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 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.
Which of the following is NOT an advantage of owning a car?
Smaller down and monthly payments than leasing a car.
How is an advertisement different from a comment from a regular consumer?
The advertisement is likely one-sided.
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.
