The Ugly Truth About Airline Miles
Interactive Video
•
Life Skills, Business
•
11th Grade - University
•
Hard
Wayground Content
FREE Resource
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7 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the main concern raised about using flight rewards cards for free travel?
They require a special membership.
They are only available for domestic flights.
The hidden costs may make them more expensive.
The flights are always overbooked.
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How did credit cards transition from a luxury to a necessity?
They were initially only available to government employees.
They became a practical necessity for over 70% of US households.
They were initially used only for online shopping.
They were made mandatory by law.
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is one way credit card companies make money?
By providing free financial advice.
By charging merchants a fee for processing payments.
By investing in real estate.
By offering free flights to cardholders.
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What percentage of airline miles are never redeemed according to the Bankrate.com study?
75%
31%
10%
50%
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What psychological effect does using a credit card have on spending habits?
It encourages saving.
It makes people spend less.
It activates the brain's pain centers.
It anesthetizes the brain against the pain of payment.
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
According to the MIT study, how much more were subjects willing to pay using credit cards compared to cash?
Three times as much
Twice as much
Half as much
The same amount
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the main takeaway about credit cards from the video?
They should be used only for emergencies.
They are inherently bad and should be avoided.
They are a financial tool with both risks and rewards.
They are only beneficial for wealthy individuals.
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