AnswersMO-Personal FinanceUnit Test

Making Spending Decisions Answers

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1
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What claims does this advertisement make? Check all that apply.

A
Famous people secretly use Fabuzene.
B
Fabuzene will make you feel healthier.
C
Medical studies have proven that Fabuzene is safe and effective for weight loss.
D
Fabuzene only costs $29.95.
E
Using Fabuzene is an easy way to lose weight.
2
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In addition to liking new gadgets, why did Maya buy a new phone?

A
She found a store offering a substantial discount.
B
She wanted to impress her friends with the latest phone.
C
She needed a new phone to replace her old phone.
D
She decided to give her old phone to charity.
3

Use the drop-down menus to complete statements about things to consider before making a purchase.

Answers:
When you consider making a purchase, it is important to think about the needs of everyone .:in the household
Large spending decisions should be .:carefully considered
Future needs should buying decisions made now.:influence
4

✔ carefully consideredcontinually delayedX quickly made

A
✔ carefully considered
B
continually delayed
C
X quickly made
5

✔ influenceX have no effectrepeat

A
✔ influence
B
X have no effect
C
repeat
6

What steps should be taken when researching what car to buy? Check all that apply.Check government safety records.Read product reviews.Determine the popularity of each car.Examine fuel-economy information.Watch car commercials.Consider maintenance costs.

A
Check government safety records.
B
Read product reviews.
C
Determine the popularity of each car.
D
Examine fuel-economy information.
E
Watch car commercials.
F
Consider maintenance costs.
7

$19✔ $200X $399

A
$19
B
✔ $200
C
X $399
8

$20✔ $50X $200

Answers:
If you had waited six months to buy the game system, you would have saved .:$50
If you had waited six months to buy the phone, you would have saved .:$200
9

✔ $0.44$0.54$0.88

Answers:
If you buy the toaster pastries at a discount store, you will pay about for each package.:$0.44
In this case, the lowest price per package is offered by the .:discount store
10

X vending machine✔ discount storebulk warehouse store

A
X vending machine
B
✔ discount store
C
bulk warehouse store
11

Consumers would pay an extra if they used the rent-to-own program, rather than cash to buy the computer.

A
$50.83
B
$150.00
C
$800.00
12

For all of the items, using is the cheapest option over the life of the contract.

A
cash
B
an installment plan
C
a rent-to-own program
13

The most expensive overall option is to use to purchase the item.

A
cash
B
an installment plan
C
a rent-to-own program
14

Use the drop-down menus to complete statements about things to consider before making a purchase.

Answers:
If you buy the toaster pastries at a discount store, you will pay about for each package.:$0.44
In this case, the lowest price per package is offered by the .:discount store

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