Fin. Lit. Test 1 Review

How are you doing today?

• Meh...

• Okay

• Great!

• Awesome!!

Tags

CCSS.RL.8.3

CCSS.RL.2.6

 Which statement best describes how to comparison shop?

• Buy many brands of the same item, see which you like best, and return all the rest.

• Set a budget, decide what features you want, and see which stores/brands best fit your needs.

• Visit many stores and ask the salespeople to lower the price until one offers something you can afford.

• Start your own website that compares the current store prices of items you shop for regularly

Tags

CCSS.RI.7.5

CCSS.RI.6.3

CCSS.RI.7.3

CCSS.RI.8.5

CCSS.RI.8.3

 You're going to buy a new bicycle. What should be one of your first steps in comparison shopping?

• Decide what bicycle features you care most about.

• Visit the store that sells the least expensive bicycles.

• Locate a coupon for bicycles.

• Sell your old bicycle.

Tags

CCSS.RL.7.1

CCSS.RL.8.1

CCSS.RI.7.1

CCSS.RI.6.1

CCSS.RL.6.1

Randall needs to make two purchases today -- a box of donuts to share with his homeroom and a pair of running shoes for the upcoming track season. For which item should he do MORE comparison shopping?

• Neither -- both of these purchases are very easy.

• The donuts -- because he wants to get a lot of flavors.

• The shoes -- because they need to fit well and last for the whole season.

• Both -- you should comparison shop for every item you buy.

Tags

CCSS.RL.8.3

CCSS.RL.5.3

CCSS.RL.6.3

CCSS.RL.7.3

CCSS.RL.9-10.3

Sofia wants to buy a new pair of jeans. At Pants World, the jeans she wants cost $40 and they're having a 25% off sale. At All Clothes, the same jeans cost $38 and she has a $6 off coupon. What is the best deal?

• Purchase at Pants World, because the cost after discount will be $15.

• Purchase at Pants World, because the cost after discount will be $30.

• Purchase at All Clothes, because the cost after coupon will be $32.

• Purchase at All Clothes, because the cost after coupon will be $34.

Tags

CCSS.6.RP.A.3C

A popular promotion at stores is "Buy One, Get One Free." Why do stores offer this deal to their customers?

• Stores promote the deal but make you pay for the second item anyway once you're at the cash register.

• Stores make money because you still have to pay taxes on the second item.

• Most stores are not trying to make a profit, so it doesn't matter if they give away free items.

• Great deals convince customers to buy things they don't need and stay loyal to the store or brand.

Tags

CCSS.RL.7.1

CCSS.RL.8.1

CCSS.RI.7.1

CCSS.RI.7.8

CCSS.RI.8.1

Which money personality describes someone who likes to save every penny and does not enjoy spending money?

• Avoider

• Collector

• Spender

• Miser

Which money personality describes someone who puts off making money decisions?

• Avoider

• Thinker

• Miser

• Spender

When we decide to spend or save our money on something, that is money that we also have decided will not be saved or spent on something else. This is called making a ___________________.

• loan

• tradeoff

• checking account

• comparison

Tags

CCSS.RI.7.5

CCSS.RI.6.5

CCSS.RI.8.5

CCSS.RI.5.5

CCSS.RI.9-10.5

 Complete this sentence: A checking account statement........

• is the receipt you get from a store when you purchase something using a check.

• tells you the bank's policies on fees.

• lists all the purchases and deposits you've made in the previous month.

• allows you to take out a student loan for college.

Tags

CCSS.RI.7.5

CCSS.RI.6.3

CCSS.RI.6.5

CCSS.RI.7.3

CCSS.RI.8.5