
Understanding Discounts and Payment Methods

Quiz
•
Financial Education
•
6th Grade
•
Hard
Used 1+ times
FREE Resource
8 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 3 pts
What is the purpose of a Promotional Discount?
To reward frequent customers
To promote a new product or service
To reduce immediate payment
To increase stock turnover.
2.
MULTIPLE CHOICE QUESTION
30 sec • 3 pts
Which discount is given to customers who return frequently?
Volume Discount
Seasonal Discount
Loyalty Discount
Cash Discount
3.
MULTIPLE CHOICE QUESTION
30 sec • 2 pts
What is one advantage of discounts?
They decrease sales
They attract new customers
They increase product prices
They discourage purchases.
4.
MULTIPLE CHOICE QUESTION
30 sec • 2 pts
How do discounts help with stock?
They increase stock
They help move unsold products
They make stock more expensive
They reduce stock variety.
5.
MULTIPLE CHOICE QUESTION
30 sec • 2 pts
What do many credit cards offer as a benefit?
No credit limit
Points or cashback
Higher interest rates
No payment flexibility
6.
MULTIPLE CHOICE QUESTION
30 sec • 2 pts
Which of the following is an advantage of using a debit card?
Helps avoid debt
Allows spending beyond account balance
Offers credit rewards
Requires interest payments
7.
MULTIPLE CHOICE QUESTION
30 sec • 3 pts
What is a benefit of using a debit card over a credit card?
Immediate transactions
Higher credit limit
Cashback offers
Lower interest rates
8.
MULTIPLE CHOICE QUESTION
30 sec • 3 pts
Which statement is true about debit cards?
They are less secure than credit cards
They help in maintaining a strict budget
They always offer cashback
They have high interest rates.
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