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2.0 Consumer Skills
This stack will help you study for your upcoming test over consumer skills.
| Question | Answer |
|---|---|
| Which is the best way to describe how to comparison shop? | Set a budget, decide what features you want, and see which stores/brands best fit your needs |
| You're going to buy a new bicycle. What should be one of your first steps in comparison shopping? | Decide what bicycle features you care most about |
| Randall needs to make two purchases today -- a box of donuts to share with his homeroom and a pair of running shoes for the upcoming track season. For which item should he do MORE comparison shopping? | The shoes -- because they need to fit well and last for the whole season |
| Sofia wants to buy a new pair of jeans. At Pants World, the jeans she wants cost $40 and they're having a 25% off sale. At All Clothes, the same jeans cost $38 and she has a $6 off coupon. What is the best deal? | Purchase at Pants World, because the cost after discount will be $30 |
| A popular promotion at stores is "Buy One, Get One Free." Why do stores offer this deal to their customers? | Great deals convince customers to buy things they don't need and stay loyal to the store or brand |
| On a restaurant receipt, you will commonly find each of these items EXCEPT... | The total money in the bank account you used to pay |
| Naya has done a lot of shopping recently. Which receipt should she probably keep the longest? | Target receipt for bluetooth headphones for her and a popular toy for her niece's birthday |
| Complete this sentence: A checking account statement... | lists all the purchases and deposits you've made in the previous month |
| What is ONE way to REDUCE the amount of money in your checking account? | Use your debit card to get money from an ATM |
| What do you need in order to open a checking account? | A form of ID and proof of address |
| Chang wants to use his mobile wallet at a t-shirt shop on vacation. What does he need to do to pay for the item? | He holds his smart phone next to the store's checkout terminal |
| What is the primary difference between a prepaid card and a gift card? | Prepaid cards can be used at many different stores, but gift cards are usually for a specific store |
| What is a common reason someone would use a peer-to-peer payment app? | To repay a friend who covered their costs at a restaurant |
| The starting balance of your check register is $50. You receive $50 for selling some of your old clothes and you deposit the money. You then go to dinner with some friends and spend $25. What is your check register? | $75 |
| What is a deposit? | Any item added into a bank account. |
| What is a withdraw? | Any item subtracted or taken out of a bank account. |
| What is a discount? | Offering goods or services at a lower dollar amount. |
| What are 3 reasons you should keep a receipt? | 1. Make sure you weren't overcharged 2. Some stores require a receipt to return items. 3. May contain card information, so you want to dispose of it securely. |
| Jessica is standing in line at the grocery store with her items and suddenly realizes she doesn’t have any cash in her wallet. What type(s) of payment(s) can she use to buy her groceries? | Prepaid Card or Mobile Wallet |
| Abby is babysitting some of her neighbor’s kids. She doesn’t want to accept cash as payment. Which payment type(s) can she use to get paid? | Peer-to-Peer (P2P) payment app |
| Mason wants to buy his nephew something for his birthday, but he isn’t sure what to get him. Which payment type(s) can Mason use to give his nephew money so his nephew can buy something he wants for himself? | Prepaid Card Peer-to-Peer (P2P) payment app Gift Cards |
| A _______ stores money that can be used to shop at a specific store. | Gift Card |
| Instead of using a physical card at the store, you can use your ____, which stores your card information. | mobile wallet |
| You can use a _____________ to directly pay someone back. | peer-to-peer payment app |
| If you don’t want to carry cash with you and you don’t have a bank account, getting a _________ is a good option | prepaid card |