Sales and Comparison Shopping Quiz

What is the main purpose of comparison shopping?

• To buy the most expensive item
• To find the best product at the best price
• To buy items on impulse
• To shop only at one store

Which of the following is a smart strategy for using a credit card?

• Using it for all purchases regardless of budget
• Paying only the minimum amount due each month
• Keeping track of spending and paying off the balance
• Taking cash advances whenever needed

What should you do before going shopping on Black Friday?

• Create a shopping list and budget
• Buy everything you see
• Only use cash
• Ignore store ads

What is a 'doorbuster' sale?

• A sale that lasts all week
• A special sale with limited-time offers
• A sale that is only online
• A sale that is only for credit card holders

Why is it important to research prices before making a purchase?

• To impress friends
• To avoid impulse buying and find the best deal
• To spend more money
• To buy items you don't need

What is one consequence of not paying your credit card bill on time?

• You earn rewards points
• Your interest rate may increase
• You receive a discount
• You can buy more items

Which of the following is a benefit of good credit?

• Higher interest rates on loans
• Better chances of getting loans and lower interest rates
• More credit card debt
• Less ability to rent an apartment

What should you do if you find an error on your credit card statement?

• Ignore it
• Contact the creditor immediately
• Wait until the next month
• Pay the amount anyway

What is the primary advantage of comparing prices during Cyber Monday?

• To find the best deals
• To waste time
• To buy items you don't need
• To avoid shopping altogether

What is the best strategy for making the most out of Black Friday sales?

• Create a shopping list and budget
• Buy everything you see
• Only shop at one store
• Wait until the last minute to decide