ACT Prep. ELA Semester 2 Exam Study Guide

Why should you work to be an informed consumer?

• To stay informed about trends

• To get the most value for your money

• To ensure you pay the right sales tax

• To spend the least amount of money

Tags

CCSS.RL.11-12.6

Which review of an online clothing store is more trustworthy and why? Review A states: “All 5 of the shirts were high quality but small. Order a size up” (verified purchase). Review B states: “I love everything from this site. Don’t miss out on their great sales” (sponsored review).

• Review A is more trustworthy because it was a verified purchase.

• Review A is more trustworthy because they gave more details about their purchase.

• Review B is more trustworthy because they let you know about sales that can save you money.

• Review B is more trustworthy because the company spent money paying them to leave a review.

Tags

CCSS.RL.11-12.6

What is a risk of using cash?

• Paying more for purchases

• Paying interest on purchases

• Not having fraud protection

• Not being able to shop in stores

Tags

CCSS.RL.11-12.9

CCSS.RL.6.3

CCSS.RL.7.3

CCSS.RL.8.3

CCSS.RL.9-10.3

(Smart Money Habits Unit)

Alicia works from home. Which item is a WANT for her?

• Cell phone

• internet

• groceries

• streaming service

(Smart Money Habits Unit)

Dominic has four unexpected expenses, including a broken TV, increased insurance costs, a brokendown car, and a hole in a shoe. Which of these expenses would be considered an emergency?

• television

• insurance

• car repairs

• new shoes

(Budgeting Unit)

What can a budget help you do?Prioritize expenses and track spending

• Increase your income and use credit

• Use credit and prioritize expenses

• Track spending and increase your income

• Prioritize expenses and track spending

(Budgeting Unit)

What does "pay yourself first" mean?

• Put money in your savings account before you pay other expenses

• Pay down debt before doing any spending

• Spend your money on your wants before you spend on your needs

• Split your money according to how much you want to spend on each bill or expense

You have a $50 bill and your purchase at the electronics store totals $49.95. after tax Can you afford this purchase?

• Yes

• No

• Not sure

Tags

CCSS.7.EE.B.3

What is an example of using consumer skills when spending and saving money?

• Buying things without thinking

• Thinking carefully about what to buy and comparing prices

• Ignoring money and spending freely

• Letting others decide what to buy for you

(Checking Accounts Unit)

What is the benefit of a checking account?

• It allows you to save money and earn interest.

• It helps you spend money without carrying cash.

• It allows you to spend money and pay the bill later.

• It helps you invest money and gain a greater return.