Show:
Comparison Shopping
Coupons & Discounts
Reading Receipts
Checking Accounts
Different Types of Payments
100
  1. Which statement best describes how to comparison shop?


  1. Buy many brands of the same item, see which you like best, and return all the rest
  2. Set a budget, decide what features you want, and see which stores/brands best fit your needs
  3. Visit many stores and ask the salespeople to lower the price until one offers something you can afford
  4. Start your own website that compares the current store prices of items you shop for regularly


2. Set a budget, decide what features you want, and see which stores/brands best fit your needs

100

t’s the end of the season, so softball bats are on clearance for an additional 30% off the sales price. Finley finds one in her size: It was originally $70.00, but is marked down to $50.00. How much will the bat cost Finley on clearance?  

$50 x 0.30 = $15 (discount)

$50 - $15 = $35 (final price)

*Note: It doesn’t matter the bat was originally $70, as offer was taken off sales price

100

On a restaurant receipt, you will commonly find each of these items EXCEPT... 

  1. The date and time of your dining
  2. The total cost of your food and drinks
  3. The tax and tip that were added to your bill
  4. The total money in the bank account you used to pay

4.The total money in the bank account you used to pay

100

What do you need in order to open a checking account? 

  1. A form of ID and proof of address
  2. At least $50 saved up
  3. A report card showing you've passed all your classes
  4. Two letters of recommendation

1. A form of ID and proof of address

100

If you don’t want to carry cash with you and you don’t have a bank account, getting a________________is a good option.

prepaid card

200

You're going to buy a new bicycle. What should be one of your first steps in comparison shopping?


  1. Decide what bicycle features you care most about
  2. Visit the store that sells the least expensive bicycles
  3. Locate a coupon for bicycles
  4. Sell your old bicycle

1.Decide what bicycle features you care most about

200

Valeria uses the smoothie store’s loyal customer app, and she’s earned a reward worth $2 off her next purchase. Knowing she goes there often, her grandma clipped a “Save 15%” coupon” from the newspaper and gave it to Valeria. If her smoothie purchase is $7.50 and the store will only let her use one discount, which should she choose to lower the cost most?

$7.50 - $2 = $5.50 (price if she uses app reward)

$7.50 x 0.15 = $1.13 (discount if using coupon) -- at this point, it’s clearly less than $2 but…

$7.50 - $1.13 = $6.37 (price if she uses the coupon)


To save the most money, Valeria should use the app reward

200

Naya has done a lot of shopping recently. Which receipt should she probably keep the longest? 

  1. CVS receipt for a juice and a pack of ponytail holders
  2. Mall store for 5 shirts and 2 pants, all of which she's tried on and fit
  3. Restaurant receipt for sandwich, salad, and lemonade
  4. Target receipt for bluetooth headphones for her and a popular toy for her niece's birthday

4.Target receipt for bluetooth headphones for her and a popular toy for her niece's birthday

200

Complete this sentence: A checking account statement... 

  1. is the receipt you get from a store when you purchase something using a check
  2. tells you the bank's policies on fees
  3. lists all the purchases and deposits you've made in the previous month
  4. allows you to take out a student loan for college

3. lists all the purchases and deposits you've made in the previous month

200

Which of these is a common reason someone would use a peer-to-peer payment app? 

  1. To deposit a work paycheck into their checking account
  2. To buy groceries at the supermarket
  3. To repay a friend who covered their costs at a restaurant
  4. To keep track of their spending and saving

3.To repay a friend who covered their costs at a restaurant 

300

True or False: You should read all the return policies? 

True

300


Amir has a $2 off coupon for his favorite sub shop. To get the deal, he must buy a 6” sandwich and at least ONE of the following: chips, soda, or a cookie. His favorite sub costs $5.50, and he can add chips for $0.75, a soda for $1.25, or a cookie for $1.50. If he really wants the soda, how much will his bill be?

$5.50 + $1.25 = $6.75 (cost of sub and soda)

$6.75 - $2 = $4.75 (his bill)

300

How many items did Ruth buy?

2

300

Which of the following transactions will REDUCE the amount of money in your checking account? 

  1. Deposit a check your uncle gives you for your birthday
  2. Use your debit card to get money from an ATM
  3. Buy an expensive new bike using cash
  4. Transfer funds from your saving account to your checking account

2.Use your debit card to get money from an ATM

300

Chang wants to use his mobile wallet at a t-shirt shop on vacation. What does he need to do to pay for the item? 

  1. He holds his smart phone next to the store's checkout terminal
  2. He uses his laptop to buy the item on the store's website
  3. He scans the store receipt using his cell phone within the next 24 hours
  4. He uses his phone to buy a gift card from the store and then buys the t-shirt with the gift card

1.He holds his smart phone next to the store's checkout terminal

400

How much is a case of Bubbl'r?

6.46 at Menards or 6.89 at Target

400

A popular promotion at stores is "Buy One, Get One Free." Why do stores offer this deal to their customers? 

  1. Stores promote the deal but make you pay for the second item anyway once you're at the cash register
  2. Stores make money because you still have to pay taxes on the second item
  3. Most stores are not trying to make a profit, so it doesn't matter if they give away free items
  4. Great deals convince customers to buy things they don't need and stay loyal to the store or brand



4.Great deals convince customers to buy things they don't need and stay loyal to the store or brand

400

How much did Ruth pay for this meal at the cafe? 

14.50

400

Checking accounts allow you to...

  1. Take out student loans
  2. Pay bills, write checks, transfer money, and spend money
  3. Invest in stocks and bonds


2.Pay bills, write checks, transfer money, and spend money

400

What is the primary difference between a prepaid card and a gift card? 

  1. Prepaid cards can be used to shop online, but gift cards cannot
  2. Prepaid cards are made of plastic, but gift cards are usually cardboard
  3. Prepaid cards can be used at many different stores, but gift cards are usually for a specific store
  4. Prepaid cards are only for people without checking accounts, but gift cards are for everyone

3.Prepaid cards can be used at many different stores, but gift cards are usually for a specific store

500

Randall needs to make two purchases today -- a box of donuts to share with his homeroom and a pair of running shoes for the upcoming track season. For which item should he do MORE comparison shopping? 

  1. Neither -- both of these purchases are very easy
  2. The donuts -- because he wants to get a lot of flavors
  3. The shoes -- because they need to fit well and last for the whole season
  4. Both -- you should comparison shop for every item you buy

3. The shoes -- because they need to fit well and last for the whole season

500

Sofia wants to buy a new pair of jeans. At Pants World, the jeans she wants cost $40 and they're having a 25% off sale. At All Clothes, the same jeans cost $38 and she has a $6 off coupon. What is the best deal? 

  1. Purchase at Pants World, because the cost after discount will be $15
  2. Purchase at Pants World, because the cost after discount will be $30
  3. Purchase at All Clothes, because the cost after coupon will be $32
  4. Purchase at All Clothes, because the cost after coupon will be $34

2. Purchase at Pants World, because the cost after discount will be $30

500

How much was this person taxed (percentage)? 

9%

500

Why would you get an online checking account?

  1. If you like depositing cash at an ATM
  2. If you like visiting your local bank teller just to say hi
  3. If you like the convenience of banking from your computer or phone

3.If you like the convenience of banking from your computer or phone

500

Why is it a good idea to transfer money from the app to your bank account as soon as you can?

If you leave the money in the app, the company earns interest on your money, not you! It’s best to start the transfer as soon as you get the payment, but avoid using the “instant transfer” option since that usually comes with a fee.