EVERFI Consumer Skills

When you are deciding what to buy, you should...

• pick the cheapest item to get the best deal.

• pick the most expensive item to get the best quality.

• trust influencers to pick the best items for you.

• compare the unit price of items similar to the one you want.

Which payment option takes money out of your bank immediately?

• Cash

• Check

• Debit Card

• Credit Card

Which of the following is NOT an advantage of owning a car?

• Drive unlimited number of miles

• Smaller down and monthly payments than leasing a car

• Flexibility to be able to customize it

• Yours to keep and sell when you wish

Which housing option gives you more freedom and more responsibility?

• Leasing a house.

• Borrowing a house.

• Buying a house.

• Housesitting

What can help you meet your budget while shopping for important items?

• Making a list of your wants to meet your needs.

• Following recommendations for important features from social media influencers.

• Prioritizing features to meet your needs.

• Buying the item with the best features.

Leasing a car may be a better option than buying a car if...

• you travel great distances regularly.

• you have enough money for a large down payment.

• you don't plan on having it for long and don't want to worry about regular maintenance.

• you want the extended warranty and maintenance because you plan on having the car for a while.

Which fact supports the idea that renting is a good option for living in a place for a short period of time?

• Renting requires a large down payment.

• Leases are generally for a month or a year.

• Landlords take care of most maintenance.

• Mortgages are usually for 15 or 30 years.

Which payment option is not accepted online?

• Cash

• Check

• Debit Card

• Credit Card

Making a good purchasing decision requires __________.

• comparing the prices of similar items

• reading reviews of the product

• waiting until the product is on sale, if possible

• All of the above

Which payment option can offer additional security like fraud protection?

• Cash

• Check

• Debit Card

• Credit Card