Ramsey Chapter 5 TEST

Ramsey Chapter 5 TEST

Assessment

Flashcard

Financial Education

12th Grade

Practice Problem

Hard

MA.912.FL.3.2

Standards-aligned

Created by

Wayground Content

FREE Resource

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20 questions

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1.

FLASHCARD QUESTION

Front

An example of discretionary spending is...

Back

Nonessential goods and services

Tags

MA.912.FL.3.2

2.

FLASHCARD QUESTION

Front

Why do stores like scan and go options, apps, and one-click purchases?

Back

It makes paying easier and faster, so customers are more likely to overspend.

Tags

MA.912.FL.3.2

3.

FLASHCARD QUESTION

Front

As an effective marketing strategy, companies pay a lot to ....?

Back

Have their products strategically placed in the store.

Tags

MA.912.FL.3.2

4.

FLASHCARD QUESTION

Front

When someone steals and uses your debit or credit card info, that's called...

Back

Fraud

Tags

MA.912.FL.3.2

5.

FLASHCARD QUESTION

Front

What does it mean to develop power over purchase?

Back

You are able to slow down and think through your motives before buying somethings.

Tags

MA.912.FL.3.2

6.

FLASHCARD QUESTION

Front

To think big picture, you need to understand that ....

Back

The best way to have more money is to have contentment.

Tags

MA.912.FL.3.2

7.

FLASHCARD QUESTION

Front

Companies use marketing to get your prefrontal cortex off line so you'll be vulnerable to impulse purchases.

Back

True

Tags

MA.912.FL.3.2

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