Types of Payments
What is a prepaid debit card?
A card preloaded with money that you can use at multiple types of stores
What is it called when the money from your job goes straight into your account?
Direct Deposit
What is 25% of $80?
$20
What is one reason to keep a receipt?
To be able to return an item, make sure you were not overcharged, protect your identity
What is one of the first steps of comparison shopping?
Set a budget for your item or decide what features you need.
What is a gift card?
A card that is preloaded with a certain amount of money that can be used at a specific store or chain.
The place you use your debit card and pin
ATM
Why do stores offer coupons?
To encourage you to shop there, to like their store, and/or to buy more than you may have purchased.
What is on a restaurant receipt that other stores do not usually have?
A place to leave a tip.
Why should you comparison shop if you are buying a laptop?
It's expensive and you want it to last a long time.
What is a peer to peer payment app?
An app on your phone that allows you to electronically pay or receive money from someone that you know.
When you use your phone to take a photo of your check
Mobile Deposit
Is it better to get a percent off deal or a specific amount of money off an item?
It depends on the cost of the item and the discount.
The subtotal is the price before ______ is added
tax
What type of item might you not do comparison shopping?
Food, inexpensive items
What is mobile wallet?
An app on your phone that is connected to a bank account or credit card. It allows you to pay anywhere that accepts mobile payments by scanning your phone
Before the internet, how did people deposit money?
Bring money or checks directly to the bank
Which is better? $5 off $30 or 20% off $30
20% off $30 equals $6 off, so that is a better deal
You spent $20 on movie tickets. Tax is 7%. What should your receipt total say?
$21.40
Panera Sip Club costs $11.99 per month or $119.99 for the year. Which would you choose and why?
If you don't want to do it for a whole year, the monthly fee is better. If you have enough and know you plan to keep it, the yearly fee is a better deal.