Economics Test #5
What are the charges and consequences of using an ATM?
You withdraw 20$ but you can pay a fee that could be $3.50 ( airports have seen $5.00)
What does ATM stand?
Automated Teller Machine
What are some things you should do on a job interview?
Come on time, dress code- should be appropriate, Talk nicely and respectfully, do research on the company or business, talk about things that will help you receive the job, be mature, and focus on the specific position that you are applying for not a higher position, be confident
What are some perils of a supermarket?
The supermarkets goal is for you to buy as many items as possible. They want you to keep spending money. They try to get you to buy everything by making their items look appealing, make it look like they are a good price, and have things in the store which attract you to buy them. They try to get you to stay there as long as possible. They put waters and soda bottles in the very front right buy the doors so people will put them in their carts and will slow them down so more time in the store and will buy more things. They also put munchies and sales in the front. Then they put the fruits in the front with extra lighting to make the fruit more appealing. They also put a bakery or a starbuck or something in the front to appeal your senses into buying more. They put the eggs, bread and milk, (the essentials) in the back corner so you have to go through the entire store in order to get to the back. They put the sales at the end of the aisles. They put more expensive food at eye level so you will see it and buy it and they put the least expensive items higher or lower. Make big shopping carts to put more in them They sometimes do things which make you seem like you are saving money but in reality you are not They put items such as: gum, magazines, little candies etc. by the line areas so you buy more.
What are some differences between debit card and credit card?
A debit card is linked directly to to your bank account. So you must have money in the bank account for it to work. The money you spend immediately comes out of your account. A credit card they are not linked to your bank account. It lets you purchase items today and pay for them later. Every month you will receive a statement showing what you bought in the last month. The credit card company then charges you interest on your purchases, but there is generally around thirty days before interest is charged, if you do not carry your balance over from month to month. Mr. Hurst talked about how he prefers Debit Cards or cash over credit cards when shopping in a supermarket because then you better recognize how much you are spending, rather than a credit card, in which you don't have to pay at that moment.
What are some things you should not do on a job interview?
Don't come late, don't come with friends, don't talk about things that don't have to do with the job position they are offering you, don't sound unsure, don't brag about yourself,
What are some problems with a debit card?
Never buy gas with a debit card, if you plan on using it again right after. This also goes for hotels. Debit cards rarely work overseas. Sometimes not even in different states.
In order to have a checking account, you must have?
Social Security number and a valid resident I.D. of that state
