Personal Finance Unit 2

Which statement best describes how to comparison shop?

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

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

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

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

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

• Sell your old chromebook

• Locate a coupon for chromebooks

• Decide what chromebook features you care most about

• Visit the store that sells the least expensive chromebooks

Sarah needs to make two purchases today -- a box of cookies to share with her friends and a new catchers mit for the upcoming softball season. For which item should she do MORE comparison shopping?

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

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

• Neither -- both of these purchases are very easy

• Both -- you should comparison shop for every item you buy

Emily wants to buy a new pair of jeans. At Shop World, the jeans she wants cost $60 and they're having a 25% off sale. At JeansRUs, the same jeans cost $65 and she has a $10 off coupon. What is the best deal?

• Purchase at Shop World, because the cost after discount will be $25

• Purchase at Shop World, because the cost after discount will be $45

• Purchase at JeansRUS, because the cost after coupon will be $46

• Purchase at JeansRUs, because the cost after coupon will be $55

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

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

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

• 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 a grocery receipt, you will commonly find each of these items EXCEPT... 

• The tax and tip that were added to your bill

• The date and time of your dining

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

• The total cost of your food and drinks

Ryan has done a lot of shopping recently. Which receipt should he probably keep the longest?

• Old Navy for 2 shirts and 3 pants, all of which he tried on and fit

• Restaurant receipt for pizza, fries, and soda

• Walgreens receipt for a juice and a pack of gum

• Best Buy receipt for airpods and a popular toy for his brother's birthday

Here's John's receipt from a bistro. How many items did he buy?

• 2

• 4

• 3

• 1

How much did John pay for this meal at the bistro? 

• $10.60

• $9.99

• $3.45

• $10.69

Complete this sentence: A checking account… 

• Requires identification and proof of address to be opened

• Can be connected to a debit card.

• Allows you to make withdrawals for bills, spending, etc.

• All of the above