Everfi: Financial Literacy || Most Recent Exam Actual Complete
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Why should you work to be an informed consumer?
To get the most value for your money
A 10-ounce bottle of your favorite lotion that you use each day costs $9.50.
The 5- ounce bottle only costs $5. Which is the better deal and why?
The 10-ounce bottle is a better deal because the price per unit is lower.
Which review of an online clothing store is more trustworthy and why?
REVEIW A: "All 5 shirts were high quality but small. Order a size up" (verified
purchase).
REVIEW B: "I love everything from this site. Don't miss out on their great sales"
(sponsored review).
REVEIW A is more trustworthy because it was a verified purchase.
What is an accurate statement about the benefits and risks of using credit
cards to make purchases?
Credit cards come with fraud protection, but credit card numbers can be
copied by identity thieves.
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What are some things that only a skilled consumer does?
Research before buying, buy only what you need, consider unit prices,
choose the best payment method
What is a good way to make an informed decision about a purchase?
Read reviews from other customers
Are sponsored reviews or verified purchaser reviews more reliable? Why?
Verified purchaser reviews are more reliable because the reviewer isn't
being paid for a positive review.
What is a risk of using cash?
Not having fraud protection
Alida works from home. Out of the following items, which one is a want for
her? Cell phone, Internet, Groceries, Streaming Service
Streaming Service
Jasmine just received her paycheck. To manage her money, she categorizes
spending by needs, wants, and savings and debts. What money management
strategy is Jasmine following?
50-30-20 Rule
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