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Consumer Skills

Authored by John Robinson

Social Studies

12th Grade

Consumer Skills
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15 questions

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1.

MULTIPLE CHOICE QUESTION

1 min • 5 pts

Media Image

an arrangement by which people borrow money from a bank to buy a house, and pay back the money over a period of years

mortgage

overdraft

share

refund

2.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Media Image

A special plastic card that you can use to pay for things directly from your bank account.

Credit card

Cash card

Debit card

3.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Media Image

A piece of paper that shows that goods or services have been paid for.

receipt

recipe

bill

account

4.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Media Image

What is it called if we ran out of coffee creamer?

Scarcity

Opportunity Cost

Producer

Services

5.

MULTIPLE CHOICE QUESTION

1 min • 5 pts

Media Image

Money available to spend on goods and services that are not essential.

Discretionary Income

Expenditures

Budget

6.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

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

7.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Randall 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?

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

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