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WorksheetsFinancial Literacy DCA Review
Total questions: 25
Worksheet time: 13mins
What is interest?
A return on your investment.
Money you leave in the bank.
The purchasing of goods and services.
The rise of prices over time.
A fee charged for borrowing money is ___________
a fee
an interest loan
annual percentage rate
interest
What does it mean to show bias?
to be selfish
to be conceited
to refuse to take a side
to favor one side over another
A consumer is _________________.
An individual that purchases goods and services for his/her use.
A person who takes a risk and starts a new business.
A person who works in the workforce.
A person who supplies goods and services.
Putting money in a retirement fund is an example of ____________.
saving and borrowing
borrowing and investing
saving and investing
spending and saving
Which of the following is an example of income?
Investment returns
Income from working a job
Money received as a gift
All of these
This is an example of name calling propaganda.
True
False
What type of propaganda is shown here?
Plain Folks
Plain Folks
Card Stacking
Transfer
This ad is an example of transfer technnique
True
False
What type of propaganda is shown in this ad?
Bandwagon
Testimonial
Transfer
Plain Folks
Which type of propaganda does this represent
Bandwagon
Testimonial
Plain Folks
Card Stacking
Which are examples of needs?
The latest IPhone and computer
Breakfast and coffee at Starbucks
A cell phone
Water and a place to live
Products must be guaranteed to be _________.
safe
inexpensive
unbreakable
useful
The use of carefully crafted messages to manipulate people's actions and beliefs is called ______________.
Bias
Endorsement
Symbolism
Propaganda
I am conducting a survey to find out my middle school's favorite candy. In order to get the least biased result, I _________________.
ask only my friends
randomly choose students that attend my school and ask them.
randomly ask students who are standing by the candy vending machine.
randomly ask only students from 7th grade
Spending money to make money is an example of an investment
True
False
What are some potential outcomes for a risky investment?
You lose all your investment
A higher return
Both of these
None of these
When am I entitled to a refund on something that I bought?
If I buy a shirt, get home and do not like the color.
If I buy a cell phone and on my way home, I drop it and break it.
I buy video game and it doesn't work. I take it back but I lost my receipt
I buy a new jacket. When I get home i realize the zipper is broken
Before you buy the latest cell phone, you need to do some research. Where would you go to find the most unbiased information?
An advertisement about the phone you want
The sales person at the cell phone store who earns a commission on sales
An independent consumer education website that reviews and rates technology
An advertisement in a technology magazine.
Services are activities that are performed for people in exchange for payment.
True
False
Someone who buys a product must use it safely and follow the directions for use. This is ________________.
a consumer's right
a consumer's responsibility.
a seller's right
a sellers responsibility
Claims that can be used to protect yourself when purchasing goods or services are ____________.
Consumer rights
Seller's rights
Consumer responsibility
Seller's responsibility
An automaker recalls its latest SUV after some of them stop running for no reason. Which consumer right does this situation address?
The right to be heard
The right to have problems corrected
The right to choose
The right to consumer education
Which is NOT a characteristic of propaganda?
It is crafted to persuade you
It manipulates your actions and beliefs
It appeals to your emotions
It is unbiased
A food company must list the ingredients in a cereal they produce. What consumer right is this?
Right to be informed
Right to choose
Right to service
Right to be heard
