Consumer Responsibilities Answers

10 verified answers1 views
1
Free Preview

Mikah buys a new DVD player. After 9 days, he sees the same player on sale at another store for considerably less than what he paid for his. Since he still has the receipt, he decides to return the DVD player, get his money back, and buy it at the cheaper price. When he tries to make the return, he is disappointed to find out that returns on electronics must be made within three days of purchase.Which of the following responsibilities did Mikah most likely not meet?

A
check the receipt
B
know the return policy
C
know the warranty
D
comparison shop
4

How is the interest rate on a payday loan calculated?

A
loan amount divided by total fees
B
total fees divided by loan amount
C
total fees divided by days of loan
D
APR divided by 365
5

Which option below is a preventive measure against ID fraud or theft?

A
Make purchases through the mail only.
B
Never reveal personal information to a stranger.
C
Carry personal information in your wallet or purse.
D
Use the phone to transfer personal information.

Did you find these answers helpful?

Consumer Responsibilities Answers…