Make It Rain
An example of discretionary spending is ...
A. Utilities and food
B. Transportation
C. Monthly rent
D. Nonessential goods and services
D. Nonessential goods and services
When someone steals and uses your debit or credit card info, that's called ...
A. Networking
B. Borrowing
C. Fraud
D.Authorized spending
C. Fraud
Convenience is both a perk and a downside of mobile pay.
A. True
B. False
A. True
Appreciating who you are and what you have instead of wanting what your friends have is called
...
A. Comparison
B. Contentment
C. Gratitude
D. Consumerism
B. Contentment
Stuff doesn't equal _______ . Debt makes people look better off than they ______.
A. Wealth; actually are
B. Investments; should be
C. Happiness; deserve
D. Income; want to be
A. Wealth; actually are
Why do stores like mobile pay apps?
A. It’s harder for customers to pay, so they end
up saving money.
B. It makes paying easier and faster, so
customers are more likely to overspend.
C. Digital pay is the way of the future, and retail
stores like being ahead of the times.
D. It's easier for the retail store clerks.
B. It makes paying easier and faster, so
customers are more likely to overspend.
Personal finance is 20% head knowledge and 80%_______ .
A. Behavior
B. Attitude
C. Good intentions
D. Motivation
A. Behavior
What is the digital marketing strategy that tracks users across the web?
A. Retargeting
B. Native ads
C. YouTube videos
D. Content marketing
A. Retargeting
Part of being a smart consumer is being able to . . .
A. Say no to an unnecessary purchase
B. Use a credit card for the points without
going into debt
C. Set up digital wallets and mobile payment
D. Discern when to open a retail store credit
card and when not to
A. Say no to an unnecessary purchase
Why is paying for something in cash a better option than mobile pay even if it isn’t as convenient?
A. You feel the loss of money when you use
cash, so you're less likely to overspend.
B. It’s easier to part ways with cash, so you're
more likely to overspend.
C. It isn't a better option. The perks of mobile
pay outweigh the downsides.
D. It helps the store clerk when you use cash.
A. You feel the loss of money when you use
cash, so you're less likely to overspend.
Why is digital ad spending projected to be $524 billion in 2024?
A. Advertisers are tired of old-fashioned
marketing methods.
B. Marketers know that you're on your mobile
device more than you're reading newspaper
ads or listening to live radio ads.
C. Digital marketing is easier for marketers, so
they prefer this method.
D. Other marketing methods cost more.
B. Marketers know that you're on your mobile
device more than you're reading newspaper
ads or listening to live radio ads.
Americans spend over $600 a month on ...
A. Impulse purchases they didn't plan to buy
B. Entertainment
C. Groceries and eating out
D. Credit card fees
A. Impulse purchases they didn't plan to buy
To think big picture, you need to understand that . . .
A. The best way to have more money is to have
contentment
B. The best way to be content is to have more
money
C. Your goals are less important than buying
the latest and greatest stuff
D. You can buy happiness
A. The best way to have more money is to have
contentment
Before you insert your debit card at the gas pump, you should always . . .
A. Check out the card reader to see if it looks
different, loose, or worn
B. Make sure you have enough money in
your account
C. Ask the store clerk if there has been a thief
here lately
D. Pay cash—never use a card at a gas pump
A. Check out the card reader to see if it looks
different, loose, or worn
It's your right as the consumer to . . .
A. Pitch a fit if you don't like the product you
just purchased, and demand a refund
B. Buy whatever you want, as long as you
don't go into debt over it
C. Expect a product to live up to the quality
promised to you before you purchased it
D. Keep a product even if it malfunctions or has
manufacturing issues
C. Expect a product to live up to the quality
promised to you before you purchased it
Why does brand recognition help businesses?
A. It makes their name and logo easily
memorable for consumers.
B. It helps the business recognize their
own logo.
C. It keeps the consumer from buying more of
their product or service.
D. It helps them partner with other businesses.
A. It makes their name and logo easily
memorable for consumers.
What does it mean to develop power over purchase?
A. You are powerless in the face of an impulse
purchase.
B. You can make decisions very quickly when it
comes to purchasing items.
C. You are able to slow down and think through
your motives before buying something.
D. You have power to purchase whatever you
want, and you do so.
C. You are able to slow down and think through
your motives before buying something.
Creating a budget, having clear money goals, and slowing down to think through a purchase are
all practices of a ...
A. College student
B. Wise consumer
C. Foolish consumer
D. Free spirit
B. Wise consumer
When using mobile pay, real time records of what you’ve spent can help you ?
A. Spend more money
B. Make quicker decisions when buying
C. Make sure you're sticking to your budget
D. Feel good about overspending
C. Make sure you're sticking to your budget
Which of the following has the lowest risk for getting your card information stolen?
A. Handing your card over to a server at
a restaurant.
B. Making an online purchase on an
unsecured site
C. Using your debit card and PIN at a
reputable store
D. Storing your card information online
C. Using your debit card and PIN at a
reputable store
What is the main goal of a retail customer reward system?
A. To make customers happy through free
products and cash back.
B. To get customers to spend more money in
the long run.
C. To create wise customers who make smart
money decisions.
D. To help save customers money
B. To get customers to spend more money in
the long run.
Why should you never buy the extended warranty?
A. Retail items and products rarely break or
malfunction.
B. You should buy the extended warranty. It is a
smart financial decision.
C. Most retailers will replace or repair the
product if it stops working within the first year.
D. The retailers never keep their promises.
C. Most retailers will replace or repair the
product if it stops working within the first year.
Since marketers have sophisticated technology and plans to get your money, what can you do to
make sure you don’t fall into their trap?
A. Make snap decisions to buy products.
B. Be aware of when and where you’re being
marketed to.
C. Stay off any form of digital media entirely.
D. Never buy anything online
B. Be aware of when and where you’re being
marketed to.
If you're a victim of card fraud . . .
A. Contact your bank immediately
B. Wait until the next week to contact your bank
C. Wait for your bank to contact you
D. Call 911 before making any other purchases
A. Contact your bank immediately
Contentment is hindered by ...
A. Immediate gratification
B. Delayed gratification
C. Money principles
D. The Five Foundations
A. Immediate gratification