Financial literacy
Which of the following is accurate about the benefits and risks of using credit cards to make purchases?
Credit cards comes with fraud protection, but credit card numbers can be copied by identity thieves
What is a risk of using cash?
Not having fraud protection
Which is a good way to make an informed decision about a purchase?
Read reviews from other consumers
Which of the following are things a skilled consumer does?
Research before buying, buy only what you need, consider unit prices, choose the best payment method
Which review of an online clothing store is more trustworthy and why? Review A states: "All 5 of the shirts were high quality but small. Order a size up" (verified purchase). Review B states: "I love everything from this site. Don't miss out on their great sales" (sponsored review).
Review A is more trustworthy because it was a verified purchase
A 10-ounce bottle of your favorite lotion that you use each day costs $9.50. The 5-ounce bottle only costs $5. Which is the better deal and why?
The 10 - ounce bottle is a better deal because the price per unit is lower
Why should you work to be an informed consumer?
To get the most value for your money
Are sponsored reviews or verified purchaser reviews more reliable? Why?
Verified purchaser reviews are more reliable because the reviewer isn't being paid for a positive review
