Ramsey Chapter 5 TEST

Flashcard
•
Financial Education
•
12th Grade
•
Hard
Standards-aligned
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20 questions
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1.
FLASHCARD QUESTION
Front
An example of discretionary spending is...
Back
Nonessential goods and services
Tags
MA.912.FL.3.2
2.
FLASHCARD QUESTION
Front
Why do stores like scan and go options, apps, and one-click purchases?
Back
It makes paying easier and faster, so customers are more likely to overspend.
Tags
MA.912.FL.3.2
3.
FLASHCARD QUESTION
Front
As an effective marketing strategy, companies pay a lot to ....?
Back
Have their products strategically placed in the store.
Tags
MA.912.FL.3.2
4.
FLASHCARD QUESTION
Front
When someone steals and uses your debit or credit card info, that's called...
Back
Fraud
Tags
MA.912.FL.3.2
5.
FLASHCARD QUESTION
Front
What does it mean to develop power over purchase?
Back
You are able to slow down and think through your motives before buying somethings.
Tags
MA.912.FL.3.2
6.
FLASHCARD QUESTION
Front
To think big picture, you need to understand that ....
Back
The best way to have more money is to have contentment.
Tags
MA.912.FL.3.2
7.
FLASHCARD QUESTION
Front
Companies use marketing to get your prefrontal cortex off line so you'll be vulnerable to impulse purchases.
Back
True
Tags
MA.912.FL.3.2
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