WorksheetsPersonal Finance Unit 2
Total questions: 18
Worksheet time: 9mins
Which statement best describes how to comparison shop?
Visit many stores and ask the salespeople to lower the price until one offers something you can afford
Set a budget, decide what features you want, and see which stores/brands best fit your needs
Buy many brands of the same item, see which you like best, and return all the rest
Start your own website that compares the current store prices of items you shop for regularly
You're going to buy a new chromebook. What should be one of your first steps in comparison shopping?
Sell your old chromebook
Locate a coupon for chromebooks
Decide what chromebook features you care most about
Visit the store that sells the least expensive chromebooks
Sarah needs to make two purchases today -- a box of cookies to share with her friends and a new catchers mit for the upcoming softball season. For which item should she do MORE comparison shopping?
The cookies-- because she wants to get a lot of flavors
The mit-- because they need to fit well and last for the whole season
Neither -- both of these purchases are very easy
Both -- you should comparison shop for every item you buy
Emily wants to buy a new pair of jeans. At Shop World, the jeans she wants cost $60 and they're having a 25% off sale. At JeansRUs, the same jeans cost $65 and she has a $10 off coupon. What is the best deal?
Purchase at Shop World, because the cost after discount will be $25
Purchase at Shop World, because the cost after discount will be $45
Purchase at JeansRUS, because the cost after coupon will be $46
Purchase at JeansRUs, because the cost after coupon will be $55
A popular promotion at stores is "Buy One, Get One Free." Why do stores offer this deal to their customers?
Stores make money because you still have to pay taxes on the second item
Stores promote the deal but make you pay for the second item anyway once you're at the cash register
Most stores are not trying to make a profit, so it doesn't matter if they give away free items
Great deals convince customers to buy things they don't need and stay loyal to the store or brand
On a grocery receipt, you will commonly find each of these items EXCEPT...
The tax and tip that were added to your bill
The date and time of your dining
The total money in the bank account you used to pay
The total cost of your food and drinks
Ryan has done a lot of shopping recently. Which receipt should he probably keep the longest?
Old Navy for 2 shirts and 3 pants, all of which he tried on and fit
Restaurant receipt for pizza, fries, and soda
Walgreens receipt for a juice and a pack of gum
Best Buy receipt for airpods and a popular toy for his brother's birthday
Here's John's receipt from a bistro. How many items did he buy?
2
4
3
1
How much did John pay for this meal at the bistro?
$10.60
$9.99
$3.45
$10.69
Complete this sentence: A checking account…
Requires identification and proof of address to be opened
Can be connected to a debit card.
Allows you to make withdrawals for bills, spending, etc.
All of the above
Which of the following transactions will REDUCE the amount of money in your checking account?
Transfer funds from your saving account to your checking account
Deposit a check your grandma gives you for your birthday
Use your debit card to get money from an ATM
Buy an expensive new phone using cash
Which of the following is NOT an example of a payment plan?
Paying $520 per month for 36 months for a new car
Paying $2,500 cash up front for a new computer
Paying $300 per month for four months for a new television
Paying $20 per month for a subscription to Netflix rather than $250 for the year.
What does “ATM” stand for in banking?
Automated Teller Machine
Automatic Transit Machine
Automated Transaction Maker
None of the above
Which of the following is an example of a way to deposit money into your checking account?
Mobile deposit
Check deposit
Direct deposit
All of the above
What do you need in order to open a checking account?
At least $50 saved up
A form of ID and proof of address
A report card showing you've passed all your classes
Two letters of recommendation
Alex wants to use his mobile wallet at a t-shirt shop on vacation. What does he need to do to pay for the item?
He holds his smart phone next to the store's checkout terminal
He uses his laptop to buy the item on the store's website
He scans the store receipt using his cell phone within the next 24 hours
He uses his phone to buy a gift card from the store and then buys the t-shirt with the gift card
What is the primary difference between a prepaid card and a gift card?
Prepaid cards can be used to shop online, but gift cards cannot
Prepaid cards are made of plastic, but gift cards are usually cardboard
Prepaid cards can be used at many different stores, but gift cards are usually for a specific store
Prepaid cards are only for people without checking accounts, but gift cards are for everyone
Which of these is a common reason someone would use a peer-to-peer payment app?
To deposit a work paycheck into their checking account
To buy groceries at the supermarket
To repay a friend who covered their costs at a restaurant
To keep track of their spending and saving
