Smart Money Habits/ Consumer Awareness Quiz

Smart Money Habits/ Consumer Awareness Quiz

12th Grade

11 Qs

quiz-placeholder

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Smart Money Habits/ Consumer Awareness Quiz

Smart Money Habits/ Consumer Awareness Quiz

Assessment

Quiz

Financial Education

12th Grade

Hard

Created by

Matthew Bird

Used 1+ times

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11 questions

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1.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

Why should you work to be an informed consumer?

To stay informed about trends

To get the most value for your money

To ensure you pay the right sales tax

To spend the least amount of money

2.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

A 10-ounce bottle of your favorite lotion that you use each day costs $9.50. The 5-ounce bottle only costs $5. Which is the better deal and why?

The 5-ounce bottle is a better deal because it costs less.

The 5-ounce bottle is a better deal because you don't need that much.

The 10-ounce bottle is a better deal because the price per unit is lower.

The 10-ounce bottle is a better deal because you use it every day.

3.

MULTIPLE CHOICE QUESTION

3 mins • 1 pt

Which review of an online clothing store is more trustworthy and why?

Review A states: “All 5 of the shirts were high quality but small. Order a size up” (verified purchase).

Review B states: “I love everything from this site. Don’t miss out on their great sales” (sponsored review).

Review A states: “The shirts were okay, but the sizes were inconsistent” (verified purchase).

Review B states: “The clothes are amazing, and the prices are unbeatable” (sponsored review).

4.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

Which of the following is accurate about the benefits and risks of using credit cards to make purchases?

Credit cards come with fraud protection, but credit card numbers can be copied by identity thieves.

While credit cards are accepted almost everywhere, they put you at higher risk of being overcharged at the cash register.

Credit cards allow you to pay for items later, but may cause you to miss out on better deals.

Credit cards allow you to spend as much as you want, but are not accepted for most transactions.

5.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

Which of the following are things a skilled consumer does?

Research before buying, buy only what you need, consider unit prices, choose the best payment method.

Buy only from clearance sales, pay in cash, consider unit prices, buy only local goods.

Buy only what you need, shop locally, avoid using credit, buy only from clearance sales.

Research before buying, buy only from clearance sales, avoid using credit, consider unit prices.

6.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

Which is a good way to make an informed decision about a purchase?

Read reviews from other consumers.

Buy the first item you see.

Ignore reviews and trust your instincts.

Purchase the most expensive option.

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which is a good way to make an informed decision about a purchase?

Read the product descriptions online

Buy the lowest priced item

Buy the highest priced item

Compare Product Reviews

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