WorksheetsIntroduction to Money Mindsets
Total questions: 8
Worksheet time: 4mins
Name
Class
Date
1.
Which is NOT a purchase-decision question that consumers should ask themselves before making a purchase?
a)
What profit will business make off of this purchase?
b)
Do I really need this?
c)
Can I afford it right now?
d)
Is there something less expensive that meets the same goal?
2.
When making a large purchase, considering return on investment means comparing the potential profit in relationship to the amount spent.
a)
True
b)
False
3.
Prices of goods, including used appeal, is determined by the relationship of:
a)
Supply & Demand
b)
Opportunity & Alternatives
c)
Debit & Credit
d)
Interest & Inflation
4.
An example of a marketed pricing strategy used by businesses is listing an item at $6.99 instead of $7.00
a)
True
b)
False
5.
To avoid fraud, individuals should protect their PII, which includes name, date of birth, and social security number, and stands for:
a)
Personal Identifiable Information
b)
Protected Investment Information
c)
Potential Individual Information
d)
Pertinant Intelligent Information
6.
What is the term for the maximum amount a person is willing to pay for a product or service?
a)
Demand Price
b)
Supply Price
c)
Market Price
d)
Inflation Price
7.
Which of the following is NOT a factor that influences consumer buying behavior?
a)
Personal Income
b)
Product Quality
c)
Brand Reputation
d)
The CEO's Sign
8.
What does the term 'Credit Score' refer to in the context of personal finance?
a)
A measure of a person's ability to repay debts
b)
The total amount of money a person has borrowed
c)
The interest rate on a person's mortgage
d)
The amount of money a person has in their bank account
100 %
