Chapter 5 Review

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.

Front

Stuff doesn't equal ________. Debt makes people look better off than they ___________.

Back

Wealth; actually are.

Front

Before you insert your debit card at the gas pump, you should always . . .

Back

Check out the card reader to see if it looks different, loose, or worn.

Front

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

Back

Fraud.

Front

It's your right as the consumer to . . .

Back

Expect a product to live up to the quality promised to you before you purchased it.

Front

What is the definition of 'Fraud'?

Back

Fraud is the wrongful or criminal deception intended to result in financial or personal gain.

Front

What does 'Consumer Rights' refer to?

Back

Consumer rights refer to the legal entitlements that protect buyers of goods and services.

Front

What is 'Digital Payment'?

Back

Digital payment refers to any payment made through electronic means, such as credit cards, debit cards, or mobile payment apps.

Front

What is the importance of checking a card reader at a gas pump?

Back

Checking the card reader helps prevent card skimming, which is a method used by thieves to steal card information.

Front

What does 'Overspending' mean?

Back

Overspending is spending more money than one can afford, often leading to debt.