Fall Semester Quiz 2

How does a consumer know whether a purchase may be a good deal?

• A large percentage of positive customer ratings offer explanations.

• The item has the most features compared to other similar items.

• The price is the most expensive for that type of item.

• Both A and B

Which is one of the best ways to get reliable information about a product?

• Follow a social media influencer

• Look for the advertisements

• Search online reviews

• Ask someone who has never used it

Which forms of payment is linked to a bank account which limits the amount of money you can spend to balance in your account?

• Cash & credit cards

• Checks & debit cards

• Debit card & credit cards

• Credit cards & checks

Which payment option is not accepted online?

• Cash

• Check

• Debit Card

• Credit Card

Which payment option takes money out of your bank immediately?

• Cash

• Check

• Debit Card

• Credit Card

Which payment option could have interest charged to you?

• Cash

• Check

• Debit Card

• Credit Card

The amount of money you're paid, after all taxes and deductions are taken out of your paycheck is called_______

• Gross pay

• Net pay

• Total pay

• Year-to-date pay

For most careers, which degree will most likely result in the highest lifetime earnings?

• High school degree

• Associate's degree

• Licensure or certification

• Bachelor's Degree

What is net pay?

• The amount of pay earned for the total number of hours worked.

• The amount of money you're paid after all taxes and deductions are taken out of your paycheck.

• The amount of money you're paid before all taxes and deductions are taken out of you paycheck.

• Your gross pay plus any bonuses.

Which of the following statements is true about taxes?

• Taxes pay for school and government departments.

• Taxes pay for roads and emergency services.

• Taxes are often used at the federal, state, and local levels.

• All of the above