Understanding Discounts and Payment Methods

Understanding Discounts and Payment Methods

6th Grade

8 Qs

quiz-placeholder

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Understanding Discounts and Payment Methods

Understanding Discounts and Payment Methods

Assessment

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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