NGPF- Unit Two Review

Which statement best descries how to comparison shop?

• Buy many brands of the same item, see which you like best, and return all the rest.

• Set a budget, decide what features you want, and see which stores/brands best fit your needs.

• Visit many stores and ask the salespeople to lower the price until one offers something you can afford.

• Start your own website that compares the current store prices of items you shop for regularly.

You're going to buy a new gaming system. What should be one of your first steps in comparison shopping?

• Decide what features you care most about.

• Visit the store that sells the least expensive gaming systems.

• Locate a coupon for gaming systems.

• Sell your old gaming system.

Mrs. Randall needs to make two purchases today-- a box of donuts to share with her homeroom and a pair of soccer cleats for the upcoming soccer season. For which item should she do MORE comparison shopping?

• Neither-- both of these purchases are very easy.

• The donuts--because she wants to get a lot of flavors.

• The shoes-- because they need to fit well and last for the whole season.

• Both-- you should comparison shop for every time you buy.

Sofia wants to buy a new pair of jeans. At Pants World, the jeans she wants cost $40 and they're having a 25% off sale. At All Clothes, the same jeans cost $38 and she has a $6 off coupon. What is the best deal?

• Purchase at Pants world, because the cost after copon will be $15

• Purchase at Pants World, because the cost after discount will be $30.

• Purchase at All Clothes, because the cost after coupon will be $32.

• Purchase at All Clothes, becasue the cost after coupon will be $34.

A popular promotion at stores is "Buy One, Get One Free". Why do stores offer this deal to their custoners?

• Stores promote the deal but make you pay for the second item anyway once you're at the cash register.

• Stores make money because you still have to pay taxes on the second item.

• Most stores are not trying to make a profit, so it doesn't matter if they give away free items.

• Great deals convince customers to buy things they don't need and stay loyal to the store or brand.

On the restaurant receipt, you will commonly find each of these items EXCEPT...

• The date and time of your dining.

• The total cost of your food and drinks.

• The tax and tip that were added to your bill.

• The total money in the bank account you used to pay.

Ms. Studer has done a lot of shopping recently. Which receipt should she probably keep the longest?

• Kroger receipt for juice and a pack of donuts.

• TJ Maxx for 5 shirts and 2 pants, all of which she has tried on and fit.

• Skyline receipt for a coney, fries and sweet tea.

• Target receipt for bluetooth headphones for her and popular toy for her niece's birthday.

Complete this sentence: A checking account statement...

• is the receipt you get from a store when you purchase something using a check.

• tells you the bank's policies on fees.

• lists all the purchases and deposits you've made in the previous month.

• allows you too take out a student loan for college.

Which of the following transactions will REDUCE the amount of money in your checking account?

• Deposit a check your uncle gives you for your birthday.

• Use your debit card to get money from an ATM.

• buy an expensive new bike using cash.

• Transfer funds from your saving account to your checking account.

What do you need in order to open a checking account?

• A form of ID and proof of address

• At least $50 saved up.

• A report card showing you've passed all your classes.

• Two letters of recommendation.