What percentage of Americans encountered hidden fees between 2017 and 2019?

Understanding Hidden Fees and Consumer Protection

Interactive Video
•
Business
•
9th - 10th Grade
•
Hard

Aiden Montgomery
FREE Resource
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10 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
65%
75%
85%
95%
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the term used by economists to describe the gradual reveal of hidden fees?
Sneak Pricing
Layered Pricing
Drip Pricing
Hidden Pricing
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
In the StubHub experiment, how much more did people spend when fees were shown at the end?
20% more
15% more
25% more
10% more
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which industry made nearly $3 billion in fees in 2018?
Airline Industry
Hotel Industry
Banking Industry
Automobile Industry
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is one way consumers can protect themselves from hidden fees?
Ignore monthly statements
Use auto-pay for all bills
Avoid using credit cards
Review statements periodically
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What should you do if you spot a hidden fee?
Ask for it to be waived
Switch to another service
Ignore it
Pay it without question
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How can loyalty programs help in avoiding hidden fees?
They waive fees for members
They increase the number of hidden fees
They provide free services
They offer discounts on all purchases
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