WorksheetsREVIEW FOR MMPE07
Total questions: 19
Worksheet time: 10mins
Name
Class
Date
1.
1. Credit cards create security against cash theft,
a)
TRUE
b)
False
2.
2. refers to an open-ended credit account—like a credit card or other “line of credit”—that can be
used and paid down repeatedly as long as the account remains open
a)
installment credit
b)
Revolving credit
3.
3. You have two sources for money: SOMEONE ELSE OR 1. (a) (USE UPPERCASE)
4.
4. A Budget Surplus can be put into investment and ::1. (a) /S (USE UPPERCASE)
5.
5. an arrangement with a creditor that allows the creditor to periodically withdraw money from a
credit card, checking or savings account to pay a bill
a)
direct deposit
b)
Checking accountk
c)
automatic payment
6.
6. ATM MEANS AUTOMATED:1. (a) :MACHINE
7.
7. the primary cash flow management tool for most consumers, providing a way to pay for expenses
and store cash until it is needed
a)
checking account
b)
Savings Deposit
c)
Credit card
8.
One saving strategy is to create regular deposits into a separate account
a)
True
b)
False
9.
9. Credit” derives from the Latin verb credere meaning TO:1. (a) (USE UPPERCASE)
10.
The first credit card was the Bank Americard and it is commonly known as:1. (a) (USE UPPERCASE)
11.
1. Consumer purchases should fit into your budget.
a)
True
b)
False
12.
2. Sales tax, which is a percentage of the price, may be required, and the higher the item’s price,
the more sales tax you will pay.
a)
TRUE
b)
FALSE
13.
3. An Asset purchases involves transaction cost
a)
TRUE
b)
FALSE
14.
4. refer to items used in daily living (e.g., clothing, food, electronics, appliances). They are the
purchases that most intimately frame your life: you live with these items and use them every day
a)
consumer strategies
b)
consumer behavior
c)
Consumer purchases
15.
Before You Buy: Identify the Market
a)
The First step in buying process
b)
The second step in buying process
c)
The last step in buying process
16.
This is an activity in which a customer browses the available goods or services presented by one or more retailers with the potential intent to purchase a suitable selection of them. IT IS CALLED :1. (a) (USE UPPERCASE)
17.
10. Sources of product information include the 1. 1._______ 2. RETAILER 3. AND OTHER2._______/S (USE
UPPECASE IN ALL YOUR ANSWERS)
(a)
18.
It contains articles and ratings on products as well as ads.
a)
Newspaper
b)
Trade Journal
c)
Customer ratings
19.
Cooperative stores
a)
charge higher prices than grocery stores
b)
offer more amenities and a higher level of customer service to be competitive
c)
. Shopping is usually open to anyone, but members are eligible for discounts
100 %
