Consumer | 5-4 Activating Strategy

• cash

• debit/prepaid card

• credit card

• peer-to-peer

  payment

Answer explanation

You know the money is available in your checking account and going to the movies with your best friend is an expense you should have budgeted for since you do it often.

• cash

• debit/prepaid card

• credit card

• peer-to-peer

  payment

Answer explanation

Dinner for ten people would probably cost a couple hundred dollars, so you may want to charge it on your credit card and then request P2P payments from everyone at the dinner.

• cash/check

• debit/prepaid card

• credit card

• peer-to-peer

  payment

Answer explanation

It is a small amount that you can pay to your grandma every month using cash or check. Also, it may be a more familiar option for your grandma.

• cash/check

• debit/prepaid card

• credit card

• peer-to-peer

  payment

Answer explanation

The tickets may sell out if you try to buy them individually, so one person should buy the tickets and everyone should pay them back. Since the total will be $400 and your friend has to wait for everyone’s P2P payment to process a credit card would also be a great option.

• cash/check

• debit/prepaid card

• credit card

• peer-to-peer

  payment

Answer explanation

It is an expensive charge and you most likely need your car fixed immediately. You also know that you’ll be able to pay the credit card bill when the payment is due later on in the month.