Financial Literacy Informed Consumer 2025

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

What is the main advantage of being an informed consumer?

• Spending the least amount of money

• Getting the most value for your money

• Following trends

• Paying the right sales tax

If you want to get the best deal when shopping, what should you compare?

• The color of the products

• The price per unit

• The brand name

• The packaging

Which of the following is accurate about the benefits and risks of using credit cards to make purchases?

• Credit cards come with fraud protection, but credit card numbers can be copied by identity thieves.

• While credit cards are accepted almost everywhere, they put you at higher risk of being overcharged at the cash register.

• Credit cards allow you to pay for items later, but may cause you to miss out on better deals.

• Credit cards allow you to spend as much as you want, but are not accepted for most transactions.

Why is it important to consider unit prices when shopping?

• It helps you compare the value of different products.

• It makes shopping more expensive.

• It is required by law.

• It only applies to online shopping.

Tags

CCSS.6.RP.A.3B

What should a skilled consumer do before making a purchase?

• Research the product and compare options.

• Buy the first item they see.

• Only shop during sales.

• Avoid looking at prices.

How can reading reviews from other consumers help you?

• It helps you make an informed decision about a purchase.

• It guarantees you will get the lowest price.

• It ensures you will never have a problem with your purchase.

• It is required before every purchase.

Tags

CCSS.RI.8.1

CCSS.RI.8.8

CCSS.RL.11-12.1

CCSS.RL.8.1

CCSS.RL.9-10.1

Which of the following is NOT a risk of using cash?

• Not having fraud protection

• Paying interest on purchases

• Losing the cash

• Not being able to track spending easily