Ch 5 Personal Finance

The purpose of advertising is to...

• Tease the customer

• Inform the customer

• Persuade the customer

• All of these

Money spent here vs money spent there is an example of opportunity cost.

• True

• False

Young adults that aren't married don't need an accountability partner. You've got this on your own.

• True

• False

An example of discretionary spending is...

• Rent

• Utilities and Food

• Transportation

• Netflix Subscription

ID the marketing method used: Car Salesman

• Personal Selling

• Celebrity Influencer

• Media

• Financing

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

• Borrowing

• Fraud

• Networking

• Authorized Spending

The Fourth Foundation is:

• Pay cash for college

• Build wealth and give

• Pay cash for your car

• Save $500 for emergencies

To think big picture, you need to understand that the best way to have more money is to be content.

• True

• False

Convenience is both a perk and downside of mobile pay.

• True

• False

Americans tend to spend __________ a month on impulse purchases.

• $6,000ish

• $5ish

• $600ish

• $350ish