Spring Semester Final 2026-A

Which of the following statements comparing credit and debit cards is TRUE?

• Far more businesses accept credit cards than debit cards
• Credit card companies provide you with a monthly statement, while debit cards do not
• With debit cards, you're spending your own money at point of sale, but with credit cards, you're getting a loan that you need to pay back later

What is one step someone can take if they want to cut down on the number of paid subscription services they have?

• Track which subscriptions they use over the next five years to see which ones they can get rid of
• Subscribe to more services to find out which ones are truly necessary
• Regularly review and cancel subscriptions that are no longer needed or used

Influencers can have a direct impact on consumers’ financial habits because they typically…

• Work with their followers to design products that consumers are likely to buy
• Rate and review products that their followers are likely to purchase
• Promote reusing and recycling items their followers may already have at home

Each of the following is one of the six ways of influence EXCEPT…

• Blackmail
• Authority
• Social Proof

How do companies use the practice of retargeting to get consumers to spend more money?

• Displaying ads for products consumers have previously viewed or shown interest in to encourage them to make a purchase
• Sending consumers fewer advertisements to avoid overwhelming them
• Focusing on first-time visitors to their website rather than returning visitors

Which of the following is an example of the Roach Motel dark pattern?

• A website automatically signs you up for a paid subscription when you create an account but there is no easy way to cancel it
• A banner ad has a fake speck of dust to trick users to click on it when they try to swipe the dust away
• A hotel reservation site tells you the number of deals you just missed by failing to book a room faster

Which of the following is an example of a hidden fee?

• An advertised annual membership fee for a gym
• A discount applied at a grocery checkout for meeting a minimum purchase amount
• A service charge added to a food delivery bill that was not disclosed upfront

Isaiah is shopping for a new pair of jeans. What is one step he can take to make an ethical purchase?

• Researching brands that use sustainable materials and fair labor practices
• Buying jeans made from synthetic materials because they are more durable
• Choosing the pair of jeans he keeps seeing in ads on social media

Sean received a notification that his information was compromised and he is likely a victim of identity theft. Sean should take all of the following steps EXCEPT…

• Place an extended fraud alert or security freeze on his credit
• File an identity theft report with the Federal Trade Commission
• Wait for 90 days before contacting the Federal Trade Commission to see if they catch the fraudulent behavior

What does it mean if a fraudster accessed your personal information through phishing?

• The fraudster tricked you into revealing personal information through email, texts, or other electronic communication
• The fraudster contacted your relatives and friends and got your information by pretending to be a hiring manager for a large company
• The fraudster obtained your information through the dark web