Consumerism

What is a consumer?

• Someone who buys goods and services

• Someone who sells goods and services

• Someone who owns a business

• Someone who works at a bank

What is a budget?

• An estimation of income and expenses

• A financial plan

• A way to help save money

• All are correct

Credit is "buy now, pay later."

• True

• False

What are fixed expenses?

• Things you buy that vary in price

• Things you pay for on a regular basis

• Daily spending decisions

• Things you buy that you want

Deposit means to...

• put money in

• take money out

Withdrawal means to...

• put money in

• take money out

Which of the following is an example of a need?

• New iPhone

• New shoes

• Food for dinner

• Getting your nails done

What is the purpose of a check register?

• To pay for purchases

• To keep track of your spending

• To save money

True or False: Your signature on a check must be in cursive.

• True

• False

If you have a lot of money in your bank account, that means you always have a high credit score.

• True

• False