Comparison Shopping Quiz

Which statement best describes how to comparison shop?

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

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

• 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

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Rio 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?

• Neither -- both of these purchases are very easy

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

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

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

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

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

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

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

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

• The date and time of your dining

• The total cost of your food and drinks

• The tax and tip that were added to your bill

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

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Jenny 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

• Restaurant receipt for sandwich, salad, and lemonade

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

Complete this sentence: A checking account statement...

• is the receipt you get from a store when you purchase something using a check

• tells you the bank's policies on fees

• lists all the purchases and deposits you've made in the previous month

• allows you to take out a student loan for college

Jesus wants to use his mobile wallet at a t-shirt shop on vacation. What does he need to do to pay for the item?

• He holds his smart phone next to the store's checkout terminal

• He uses his laptop to buy the item on the store's website

• He scans the store receipt using his cell phone within the next 24 hours

• He uses his phone to buy a gift card from the store and then buys the t-shirt with the gift card

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 are made of plastic, but gift cards are usually cardboard

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

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

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

• To deposit a work paycheck into their checking account

• To buy groceries at the supermarket

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

• To keep track of their spending and saving

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Charlie is planning to buy a new laptop. Aldo suggests him to compare prices and quality before making a purchase. What should Charlie consider when comparing prices and quality?

• Consider only the price

• Consider only the warranty

• Consider factors such as brand reputation, customer reviews, warranty, durability, and additional features.

• Consider only the brand reputation

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