Finance Test (Lessons 1-3)

Finance Test (Lessons 1-3)

6th - 8th Grade

30 Qs

quiz-placeholder

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Finance Test (Lessons 1-3)

Finance Test (Lessons 1-3)

Assessment

Quiz

Life Skills

6th - 8th Grade

Medium

Created by

Allison Hickman

Used 2+ times

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30 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 3 pts

A trade-off is giving up one thing for another.

True

False

2.

MULTIPLE CHOICE QUESTION

30 sec • 3 pts

Sam is a cashier at the local grocery store. He earns $8/hr and works there 10 hours per week. Every week, he puts 75% of his money in a savings account so he can reach his goal of having $1,000 as an emergency fund.


1-How much does Sam earn in one week?

2-How much does Sam put away in his savings account every week?



1- $80.00

2- $60.00

1- $90.00

2- $60.00

1- $87.00

2- $50.00

1- $100.00

2- $80.00

3.

FILL IN THE BLANK QUESTION

1 min • 3 pts

When __________ shopping, a person can decide which features are important and find the best option to meet your needs.


4.

MULTIPLE CHOICE QUESTION

30 sec • 3 pts

 When you use a ______you feel happy when getting a good deal. A study revealed that a $10 coupon increased shoppers’ oxytocin (hormone that produces feelings of love) level by 38%, decreased their heart rates 5%, and made more relaxed while shopping.

Discounts

Promotions

Coupon

Power of Free

5.

MULTIPLE CHOICE QUESTION

30 sec • 3 pts

  1. _________ encourage new trials. Most shoppers do not want to pay full price to buy something they have never tried before or don’t know much about. But, if you offer this, they are more likely to buy a new product.


Coupons

Promotions

Power of Free

Discounts

6.

MULTIPLE CHOICE QUESTION

30 sec • 3 pts

_________ influence purchases. Two-thirds of consumers say they have made a purchase they did not actually plan to make just because they received this.

Discounts

Promotions

Power of Free

Coupons

7.

MULTIPLE CHOICE QUESTION

30 sec • 3 pts

  1. Shoppers love this! Samples allow people to try new things and also start the relationship positively. The same is true when stores give a “gift with purchase.” People view the store as generous, increasing brand loyalty and sales.


Coupons

Discounts

Power of Free

Promotions

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