Consumer Skills EverFi Module 4

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Consumer Skills EverFi Module 4 which payment option takes money out of your bank immediately? - ANS - debit card which forms of payment is linked to a bank account which limits the amount of money ... you can spend to balance your account? - ANS - checks & debit cards which of the following is NOT be a warning sign of a scam when buying a car or other big purchase? - ANS - a price that fits comfortable in your budget a pack of 24 pencils is more expensive than 12 pencils, but why could buying the 24 pack be the better deal? - ANS - the price of each pencil, or the unit price, is actually cheaper in the 24 pack what is the best reason for why someone would want to lease a house instead of buy one? - ANS - they are planning on living there for a short period of time how does a consumer know whether a purchase may be a good deal? - ANS - Both A and B which housing option gives you more freedom and more responsibility? - ANS - buying a house how is an advertisement different from a comment from a regular consumer? - ANS - the advertisement is likely one-sided making a good purchasing decisions requires _______ - ANS - all of the above which payment option could have interest charged to you? - ANS - credit card which payment option can offer additional security like fraud protection? - ANS - credit card what is one of the best ways to get reliable information about a product? - ANS - search online reviews which example shows an advantages of owning a car over leasing one? - ANS - no restrictions on the number of miles to drive and the ability to customize, or make changes to the car what are possible red flags or signs of a scam when buying a car? - ANS - both a and c why is figuring out the unit price of something useful when shopping? - ANS - it helps you determine the best deal which payment option is not accepted online? - ANS - cash when you are deciding what to buy, you should not... - ANS - assume that buying the cheapest item is the smartest choice which forms of payment is linked to a bank account which limits the amount of money you can spend to balance in your account? - ANS - checks & debit cards which fact supports the idea that renting is a good option for living in a place for a short period of time? - ANS - landlords take care of most maintenance the price of a single item within a group of items is known as the _______ of the item - ANS - unit price which method of payment actually is a form of borrowing money that needs to be paid back later? - ANS - credit card which of the following is NOT an advantage of owning a car? - ANS - smaller down and monthly payments than leasing a car (it keeps saying it's wrong for some reason) which of the following is NOT a useful strategy when making an informed purchase? - ANS - purchase a product based on a social media influencer how is a post from a social media influencer different than a comment from a regular consumer? - ANS - the influencer is paid to post the product leasing a car may be a better option than buying a car if... - ANS - you don't plan on having it for long and don't want to worry about regular maintenance when making a large purchase, you should avoid everything EXCEPT ___________ - ANS - a price that fits comfortably in your budget [Show More]

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