everfi consumer skills module 4
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 and debit cards are linked to a bank account
When you are deciding what to buy, you should...
compare unit price
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?
credit card
Which payment option takes money out of your bank immediately?
debit card
How is a post from a social media influencer different than a comment from a regular consumer?
influencer is paid to post the product
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
What is the best reason for why someone would want to lease a house instead of buy one?
living there for a short period of time
When comparison shopping, all of these hint at a good deal EXCEPT_____________________
lower price models offer more features
What is one of the best ways to get reliable information about a product?
online reviews
Which of the following is NOT be a warning sign of a scam when buying a car or other big purchases?
price in your budget
What can help you meet your budget while shopping for important items?
prioritizing to meet your needs
Which of the following is NOT a useful strategy when making an informed purchase?
purchasing based on a social media influencer
Which of the following is NOT an advantage of owning a car?
smaller down payments
Price of a single item within a group of items is known as _________________ of the item
unit price
A pack of 24 pencils is more expensive than 12 pencils, but why could buying the 24 pack be the better deal?
unit price is cheaper for 24
Leasing a car may be a better option than buying a car if...
you don't plan on having it for a long time and you don't want to worry about maintenance
What are possible red flags or signs of a scam when buying a car?
a & c
When making a large purchase, you should avoid everything EXCEPT _____________
a price that fits comfortably in your budget
How is an advertisement different from a comment from a regular consumer?
advertisement is likely one-sided
Making a good purchasing decision requires
all of the above
Why is figuring out the unit price of something useful when shopping?
best deal
Making a good purchasing decision requires
both
Which housing option gives you more freedom and more responsibility?
buying a house
Which payment option is not accepted online?
cash
