PF - Chapter 5 - Consumer Awareness
Flashcard
•
Financial Education
•
9th - 12th Grade
•
Practice Problem
•
Hard
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30 questions
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1.
FLASHCARD QUESTION
Front
An example of discretionary spending is ___
Back
Nonessential goods and services
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.
3.
FLASHCARD QUESTION
Front
As an effective marketing strategy, companies pay a lot to...
Back
have their products strategically placed in a store
4.
FLASHCARD QUESTION
Front
When someone steals and uses your debit card info, that's called...
Back
fraud
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
6.
FLASHCARD QUESTION
Front
To think big picture, you need to understand that the best way to have more money is to have contentment
Back
the best way to have more money is to have contentment
7.
FLASHCARD QUESTION
Front
Companies use marketing to get your prefrontal cortex offline so you'll be vulnerable to impulse purchasing
Back
true
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