Consumer Skills

Which statement best describes how to comparison shop?

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

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

• 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

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

• Sell your old bicycle

• Decide what bicycle features you care most about

• Visit the store that sells the least expensive bicycles

• Locate a coupon for bicycles

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? 

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

• Neither -- both of these purchases are very easy

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

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

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

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

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

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

On a restaurant receipt, you will commonly find each of these items EXCEPT... 

• The total money in the bank account you used to pay

• The tax and tip that were added to your bill

• The total cost of your food and drinks

• The date and time of your dining

Use Ruth's receipt to answer the question.

How many items did Ruth buy?

• 5

• 4

• 3

• 2

Use Ruth's receipt to answer the question.

How much did Ruth pay for her meal?

• $14.50

• $11.70

• $12.87

• $1.17

Naya has done a lot of shopping recently. Which receipt should she probably keep the longest? 

• CVS receipt for a juice and a pack of ponytail holders

• Mall store for 5 shirts and 2 pants, all of which she's tried on and fit

• Target receipt for bluetooth headphones for her and a popular toy for her niece's birthday

• Restaurant receipt for sandwich, salad, and lemonade

Which of these is a common reason someone would use a peer-to-peer payment app? 

• To repay a friend who covered their costs at a restaurant

• To keep track of their spending and saving

• To deposit a work paycheck into their checking account

• To buy groceries at the supermarket

What is the primary difference between a prepaid card and a gift card? 

• Prepaid cards can be used to shop online, but gift cards cannot

• Prepaid cards can be used at many different stores, but gift cards are usually for a specific store

• Prepaid cards are made of plastic, but gift cards are usually cardboard

• Prepaid cards are only for people without checking accounts, but gift cards are for everyone