MCQ Questions
Q.1.
leasing a car may be a better option than buying a car if...
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    you don't plan on having it for long and don't want to worry about regular maintenance
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    no restrictions on the number of miles to drive and the ability to customize, or make changes to the car
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    all of the above
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    smaller down and monthly payments than leasing a car (it keeps saying it's wrong for some reason)
Q.2.
which of the following is NOT a useful strategy when making an informed purchase?
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    a price that fits comfortable in your budget
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    smaller down and monthly payments than leasing a car (it keeps saying it's wrong for some reason)
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    purchase a product based on a social media influencer
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    they are planning on living there for a short period of time
Q.3.
which payment option could have interest charged to you?
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    cash
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    debit card
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    credit card
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    buying a house
Q.4.
the price of a single item within a group of items is known as the _______ of the item
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    buying a house
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    credit card
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    unit price
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    debit card
Q.5.
which method of payment actually is a form of borrowing money that needs to be paid back later?
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    debit card
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    unit price
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    credit card
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    checks & debit cards
Q.6.
which fact supports the idea that renting is a good option for living in a place for a short period of time?
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    the influencer is paid to post the product
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    landlords take care of most maintenance
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    a price that fits comfortable in your budget
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    checks & debit cards
Q.7.
how does a consumer know whether a purchase may be a good deal?
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    Both A and B
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    debit card
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    buying a house
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    both a and c
Q.8.
when making a large purchase, you should avoid everything EXCEPT ___________
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    assume that buying the cheapest item is the smartest choice
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    a price that fits comfortably in your budget
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    they are planning on living there for a short period of time
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    a price that fits comfortable in your budget
Q.9.
how is a post from a social media influencer different than a comment from a regular consumer?
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    a price that fits comfortable in your budget
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    the influencer is paid to post the product
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    they are planning on living there for a short period of time
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    the advertisement is likely one-sided
Q.10.
which of the following is NOT an advantage of owning a car?
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    no restrictions on the number of miles to drive and the ability to customize, or make changes to the car
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    a price that fits comfortable in your budget
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    smaller down and monthly payments than leasing a car (it keeps saying it's wrong for some reason)
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    purchase a product based on a social media influencer
Q.11.
how is an advertisement different from a comment from a regular consumer?
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    it helps you determine the best deal
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    the advertisement is likely one-sided
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    they are planning on living there for a short period of time
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    the influencer is paid to post the product
Q.12.
which example shows an advantages of owning a car over leasing one?
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    purchase a product based on a social media influencer
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    smaller down and monthly payments than leasing a car (it keeps saying it's wrong for some reason)
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    no restrictions on the number of miles to drive and the ability to customize, or make changes to the car
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    credit card
Q.13.
what is one of the best ways to get reliable information about a product?
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    search online reviews
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    both a and c
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    the advertisement is likely one-sided
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    they are planning on living there for a short period of time
Q.14.
when you are deciding what to buy, you should not...
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    assume that buying the cheapest item is the smartest choice
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    a price that fits comfortable in your budget
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    a price that fits comfortably in your budget
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    smaller down and monthly payments than leasing a car (it keeps saying it's wrong for some reason)
Q.15.
which forms of payment is linked to a bank account which limits the amount of money you can spend to balance in your account?
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    checks & debit cards
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    buying a house
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    credit card
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    search online reviews
Q.16.
why is figuring out the unit price of something useful when shopping?
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    it helps you determine the best deal
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    buying a house
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    a price that fits comfortably in your budget
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    the advertisement is likely one-sided
Q.17.
what is the best reason for why someone would want to lease a house instead of buy one?
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    the advertisement is likely one-sided
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    a price that fits comfortable in your budget
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    they are planning on living there for a short period of time
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    purchase a product based on a social media influencer
Q.18.
making a good purchasing decisions requires _______
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    all of the above
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    both a and c
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    credit card
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    Both A and B
Q.19.
which housing option gives you more freedom and more responsibility?
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    credit card
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    both a and c
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    debit card
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    buying a house