WorksheetsChapter 2 Wrap Up
Total questions: 13
Worksheet time: 11mins
What is an adhesion contract?
A contract that is negotiated by both parties
A contract that is drafted by one party and not negotiable by the other
A contract that is only valid for a short period
A contract that can be easily modified by either party
Why is it important to read and understand a cell phone plan contract before signing it?
To know the color of the phone
To understand the charges, billing, and other aspects of service
To find out the best apps to download
To get a discount on the phone
What might happen if you switch to a different cell phone provider before your contract ends?
You get a free phone
You may have to pay an early termination fee
You receive a bonus for switching
Your contract automatically transfers to the new provider
A letter sent to a credit card company to contest an incorrect charge.
(a)
What kind of information do privacy policies protect?
Email addresses, names, billing information, and shipping addresses
The color of your phone
Your favorite apps
Your phone's battery life
What is the main difference between digital currency and electronic currency?
A) Digital currency can be converted to cash
B) Digital currency never takes physical form
C) Electronic currency is always in physical form
D) Electronic currency cannot be used online
What is one advantage of using digital currency for payments?
Slower transaction times
Higher transaction fees
Faster payments
Limited availability
What is a disadvantage of using cryptocurrency?
Stable prices
Predictable purchasing power
Steep learning curve
Limited options
How can the volatility of cryptocurrency prices impact its use as a form of payment?
It makes it more stable
It makes it less predictable
It ensures consistent value
It eliminates risk
Why might someone choose to use digital currency despite its steep learning curve?
To avoid faster payments
To cut out the government as a middleman
To increase transaction fees
To limit their payment options
A federal law that protects consumers from unfair billing practices
(a)
A charge that appears twice on your credit card statement for the same amount and date.
(a)
Unauthorized use of your credit card information to make fraudulent transactions.
(a)
