Comparing Payment methods

Comparing Payment methods

9th Grade

9 Qs

quiz-placeholder

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Comparing Payment methods

Comparing Payment methods

Assessment

Quiz

Business

9th Grade

Easy

Created by

Christopher Gale

Used 1+ times

FREE Resource

9 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What payment option would be recommended if you have the full amount in your bank account?

Credit card

Rent-to-own

Cash/debit

Layaway

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which payment method should you choose if you want to avoid high-interest rates?

Store credit

Credit card

Cash/debit

Layaway

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How much extra money would you end up paying if you chose the rent-to-own option?

$50

$30

$35

$41

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What should you consider if you can save up the money within the next six months?

Paying with credit card

Store credit interest rates

Rent-to-own benefits

Layaway setup fee

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which option is better than using layaway if you don't have money now?

Rent-to-own

Credit card

Store credit

Cash/debit

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What could be a viable payment method if you have the money now and are disciplined about paying off fast?

Layaway

Store credit

Rent-to-own

Credit card

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

If you don't have money now, which option allows you to get the TV immediately?

Layaway

Store credit

Cash/debit

8.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which payment option is NOT advisable if you want the TV immediately and can save up within the next six months?

Layaway

Rent-to-own

Credit card

Store credit

9.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

In which scenario would the store credit with interest-free financing be a good choice?

When you need the TV immediately

If you can save up in the next 12 months

If you aim to pay off within the interest-free periodIf you aim to pay off within the interest-free period

When you prefer layaway