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Unit 2 Consumer Skills Review

Total questions: 38

Worksheet time: 19mins

Name
Class
Date
1.

Marcus checks his ______ at the end of the month to review his transactions.

a)

Promotion

b)

Receipt

c)

Checking Account statement

d)

Withdrawal

2.

When you buy something and get money taken off the price, you’ve gotten a(n) ______.

a)

Discount

b)

Tax

c)

Tip

d)

Deposit

3.

Jordan went to the ______ outside the grocery store to get $20 in cash before heading to the movies.

a)

Prepaid card

b)

Peer-to-peer payment app

c)

Mobile wallet

d)

ATM

4.

Before buying something expensive, it's wise to ______ to make sure you're getting the best deal.

a)

Comparison shop

b)

Make a deposit

c)

Make a withdrawal

d)

Leave a tip

5.

After buying clothes at the mall, Jess kept their ______ in case they needed to return anything or track their spending.

a)

Coupon

b)

Check

c)

Receipt

d)

Statement

6.

A(n) ______ is a way to pay with your phone instead of using cash or a physical card.

a)

Mobile wallet

b)

Debit card

c)

Check

d)

ATM

7.

When you make a(n) ______, you are adding money to your bank account.

a)

Discount

b)

Withdrawal

c)

Check

d)

Deposit

8.

Instead of giving cash for her birthday, I gave my friend a(n) ______ to her favorite store.

a)

Gift card

b)

Coupon

c)

Promotion

d)

Prepaid card

9.

After dining out at a restaurant, Sophie added a $5 ______ to the bill to thank the server for great service.

a)

Tip

b)

Tax

c)

Discount

d)

Withdrawal

10.

If you send money to a friend through Venmo or Cash App, you are using a(n) ______.

a)

Debit card

b)

Peer-to-peer payment app

c)

Promotion

d)

Checking account

11.

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?

a)

Yes

b)

No

12.

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?

a)

Yes

b)

No

13.

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?

a)

Yes

b)

No

14.

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?

a)

Yes

b)

No

15.

Why might someone choose NOT to comparison shop for an item? Choose the best reason.

a)

The time or travel costs to compare would be greater than the potential savings

b)

They always want to pay the highest possible price

c)

Comparison shopping is illegal for most products

d)

Stores will refuse to sell to customers who compare prices

16.

Explain how discounts, promotions, and other offers stores have can get consumers to spend more money. Choose the best explanation.

a)

They make prices feel lower or urgent, encouraging impulse purchases and larger baskets

b)

They permanently lower the store’s costs, so shoppers save the same amount every time

c)

They require customers to buy fewer items to qualify, reducing spending

d)

They hide prices so customers cannot tell what they paid

17.

Sharon is trying to decide which tote bag to buy. The first one she finds is 27.99 and has a27.99\ and\ has\ a 3 coupon. The second one is also $27.99 but has a 30% discount. Which bag is the better deal?

a)

The first bag with the $3 coupon

b)

The second bag with the 30% discount

c)

Both are the same price after discounts

d)

There is not enough information to tell

18.

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.

a)

YES

b)

NO

19.

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.

a)

YES

b)

NO

20.

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.

a)

YES

b)

NO

21.

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.

a)

YES

b)

NO

22.

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.

a)

YES

b)

NO

23.

Michael bought a new laptop. His friend, Bob, advises him to keep the receipt for a while. Why is this good advice?

a)

The receipt is proof of purchase for returns, exchanges, or warranty claims

b)

The receipt increases the laptop’s battery life

c)

Stores will not allow laptops to be used without a receipt

d)

Keeping a receipt automatically extends the manufacturer warranty

24.

Identify whether the statement is TRUE or FALSE: You can pay bills through a checking account.

a)

TRUE

b)

FALSE

25.

Identify whether the statement is TRUE or FALSE: You use a credit card with your checking account.

a)

TRUE

b)

FALSE

26.

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.

a)

TRUE

b)

FALSE

27.

Identify whether the statement is TRUE or FALSE: You need to have at least $2,500 to open a checking account.

a)

TRUE

b)

FALSE

28.

Identify whether the statement is TRUE or FALSE: Checking account statements only show withdrawals, not deposits.

a)

TRUE

b)

FALSE

29.

Mark whether the action will INCREASE or DECREASE the balance in your checking account: Deposit cash at a local bank branch.

a)

INCREASE

b)

DECREASE

30.

Mark whether the action will INCREASE or DECREASE the balance in your checking account: Make a purchase with your debit card.

a)

INCREASE

b)

DECREASE

31.

Mark whether the action will INCREASE or DECREASE the balance in your checking account: Mobile deposit a check.

a)

INCREASE

b)

DECREASE

32.

Mark whether the action will INCREASE or DECREASE the balance in your checking account: Transfer money from another account into this account.

a)

INCREASE

b)

DECREASE

33.

Mark whether the action will INCREASE or DECREASE the balance in your checking account: Pay a bill through your online account.

a)

INCREASE

b)

DECREASE

34.

Mark whether the action will INCREASE or DECREASE the balance in your checking account: Withdraw cash from an ATM.

a)

INCREASE

b)

DECREASE

35.

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.

a)

Prepaid Card

b)

Gift Card

c)

Peer-to-Peer Payment App

d)

Mobile Wallet

36.

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.

a)

Prepaid Card

b)

Gift Card

c)

Peer-to-Peer Payment App

d)

Mobile Wallet

37.

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.

a)

Prepaid Card

b)

Gift Card

c)

Peer-to-Peer Payment App

d)

Mobile Wallet

38.

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.

a)

Prepaid Card

b)

Gift Card

c)

Peer-to-Peer Payment App

d)

Mobile Wallet