WorksheetsUnit 2 Consumer Skills Review
Total questions: 38
Worksheet time: 19mins
Marcus checks his ______ at the end of the month to review his transactions.
Promotion
Receipt
Checking Account statement
Withdrawal
When you buy something and get money taken off the price, you’ve gotten a(n) ______.
Discount
Tax
Tip
Deposit
Jordan went to the ______ outside the grocery store to get $20 in cash before heading to the movies.
Prepaid card
Peer-to-peer payment app
Mobile wallet
ATM
Before buying something expensive, it's wise to ______ to make sure you're getting the best deal.
Comparison shop
Make a deposit
Make a withdrawal
Leave a tip
After buying clothes at the mall, Jess kept their ______ in case they needed to return anything or track their spending.
Coupon
Check
Receipt
Statement
A(n) ______ is a way to pay with your phone instead of using cash or a physical card.
Mobile wallet
Debit card
Check
ATM
When you make a(n) ______, you are adding money to your bank account.
Discount
Withdrawal
Check
Deposit
Instead of giving cash for her birthday, I gave my friend a(n) ______ to her favorite store.
Gift card
Coupon
Promotion
Prepaid card
After dining out at a restaurant, Sophie added a $5 ______ to the bill to thank the server for great service.
Tip
Tax
Discount
Withdrawal
If you send money to a friend through Venmo or Cash App, you are using a(n) ______.
Debit card
Peer-to-peer payment app
Promotion
Checking account
Liam needs a new pair of sneakers. He goes online, finds a pair he likes on the first website, and buys them without looking anywhere else. Is this comparison shopping?
Yes
No
Maya wants a new backpack for school. She checks prices at three different stores, reads reviews online, and then buys the one with the best price and quality. Is this comparison shopping?
Yes
No
Ava always buys the same brand of cereal because it’s her favorite. She doesn’t look at other brands or prices. Is this comparison shopping?
Yes
No
Chris is getting a new bike. He visits four different bike shops, tries out different models, and compares the prices and features before choosing one. Is this comparison shopping?
Yes
No
Why might someone choose NOT to comparison shop for an item? Choose the best reason.
The time or travel costs to compare would be greater than the potential savings
They always want to pay the highest possible price
Comparison shopping is illegal for most products
Stores will refuse to sell to customers who compare prices
Explain how discounts, promotions, and other offers stores have can get consumers to spend more money. Choose the best explanation.
They make prices feel lower or urgent, encouraging impulse purchases and larger baskets
They permanently lower the store’s costs, so shoppers save the same amount every time
They require customers to buy fewer items to qualify, reducing spending
They hide prices so customers cannot tell what they paid
Sharon is trying to decide which tote bag to buy. The first one she finds is 27.99 and has a 3 coupon. The second one is also $27.99 but has a 30% discount. Which bag is the better deal?
The first bag with the $3 coupon
The second bag with the 30% discount
Both are the same price after discounts
There is not enough information to tell
You just went to your favorite restaurant and paid for your meal with your credit card. Identify whether you would find the date and time of your visit on your receipt: YES or NO.
YES
NO
You just went to your favorite restaurant and paid for your meal with your credit card. Identify whether you would find what you ordered on your receipt: YES or NO.
YES
NO
You just went to your favorite restaurant and paid for your meal with your credit card. Identify whether you would find your home address on your receipt: YES or NO.
YES
NO
You just went to your favorite restaurant and paid for your meal with your credit card. Identify whether you would find the total amount you owed on your receipt: YES or NO.
YES
NO
You just went to your favorite restaurant and paid for your meal with your credit card. Identify whether you would find your orders from previous meals on your receipt: YES or NO.
YES
NO
Michael bought a new laptop. His friend, Bob, advises him to keep the receipt for a while. Why is this good advice?
The receipt is proof of purchase for returns, exchanges, or warranty claims
The receipt increases the laptop’s battery life
Stores will not allow laptops to be used without a receipt
Keeping a receipt automatically extends the manufacturer warranty
Identify whether the statement is TRUE or FALSE: You can pay bills through a checking account.
TRUE
FALSE
Identify whether the statement is TRUE or FALSE: You use a credit card with your checking account.
TRUE
FALSE
Identify whether the statement is TRUE or FALSE: Some banks may charge you an overdraft fee if you don't have funds to cover a purchase.
TRUE
FALSE
Identify whether the statement is TRUE or FALSE: You need to have at least $2,500 to open a checking account.
TRUE
FALSE
Identify whether the statement is TRUE or FALSE: Checking account statements only show withdrawals, not deposits.
TRUE
FALSE
Mark whether the action will INCREASE or DECREASE the balance in your checking account: Deposit cash at a local bank branch.
INCREASE
DECREASE
Mark whether the action will INCREASE or DECREASE the balance in your checking account: Make a purchase with your debit card.
INCREASE
DECREASE
Mark whether the action will INCREASE or DECREASE the balance in your checking account: Mobile deposit a check.
INCREASE
DECREASE
Mark whether the action will INCREASE or DECREASE the balance in your checking account: Transfer money from another account into this account.
INCREASE
DECREASE
Mark whether the action will INCREASE or DECREASE the balance in your checking account: Pay a bill through your online account.
INCREASE
DECREASE
Mark whether the action will INCREASE or DECREASE the balance in your checking account: Withdraw cash from an ATM.
INCREASE
DECREASE
For each scenario, identify which form of payment would be BEST to use. Scenario: You’re splitting a restaurant bill with three friends after dinner. Choose the best option.
Prepaid Card
Gift Card
Peer-to-Peer Payment App
Mobile Wallet
For each scenario, identify which form of payment would be BEST to use. Scenario: You want to give your cousin a $25 birthday gift they can use at their favorite clothing store. Choose the best option.
Prepaid Card
Gift Card
Peer-to-Peer Payment App
Mobile Wallet
For each scenario, identify which form of payment would be BEST to use. Scenario: You don’t have a bank account but want a safe way to make everyday purchases. Choose the best option.
Prepaid Card
Gift Card
Peer-to-Peer Payment App
Mobile Wallet
For each scenario, identify which form of payment would be BEST to use. Scenario: You’re checking out quickly at the grocery store and prefer not to carry your physical debit card. Choose the best option.
Prepaid Card
Gift Card
Peer-to-Peer Payment App
Mobile Wallet
