Unit 2 Review- Financial Literacy

Front

To avoid fraud, individuals should protect their PII, which includes name, date of birth, and social security number, and stands for:

Back

Personal Identifiable Information

Front

Which type of item should you be considering the resale value for? Everyday household items, Durable Goods, Perishable food items

Back

Durable Goods

Front

What type of shopping involves searching for a product at multiple locations to get the best price?

Back

Comparison shopping

Front

When deciding to make a purchase, you should all of the following EXCEPT? Your budget, Your needs, Your priorities, Public Opinion, Personal Preferences

Back

Public Opinion

Front

Which of the following financial decisions would have a positive impact on the environment? Buying refillable water bottles and reusable glass storage containers to cut down on plastic waste, Purchasing a new car from California and having it shipped to you in Pennsylvania., Purchasing a new home, Starting a 403b to invest money.

Back

Buying refillable water bottles and reusable glass storage containers to cut down on plastic waste

Front

Social media uses algorithms to give users a wide variety of advertisements and promotional material. They want all users to be well-versed in different topics and have options of products.

Back

False

Front

Which type of fraud involves someone intentionally uses dishonest tactics to get you to give them your money?

Back

Scams

Front

The following social media advertisement is an example of which of the following advertising tactics?
Options:
Cross-selling and upselling,
Impulse Triggers,
Social Proof,
Limited Time Offers

Back

Social Proof