Comparing Payment methods
Quiz
•
Business
•
9th Grade
•
Practice Problem
•
Easy
Christopher Gale
Used 1+ times
FREE Resource
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9 questions
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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
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