Financial Literacy (2023) RJ

Question 1

A consumer is...

Accepted Answer

An individual that purchases goods and services for his/her use.

Question 2

Which consumer right fits with this: An automaker recalls its latest SUV after some of them stop running for no reason.

Accepted Answer

The right to have problems corrected

Question 3

Which type of advertisement technique can be seen in the picture?

Accepted Answer

Testimonial

Question 4

Before you buy the the latest cell phone, you need to do some research. Where would you find the most unbiased info?

Accepted Answer

An independent consumer education website that reviews and rates technology

Question 5

Which of the following is an example of income?

Accepted Answer

All of the above

Question 6

Spending money in order to make more money is an example of an investment.

Accepted Answer

True

Question 7

Which of the following is NOT a characteristics of propaganda.

Accepted Answer

It is unbiased

Question 8

Services are activities that are performed for people in exchange for payment.

Accepted Answer

True

Question 9

What does it mean to show bias?

Accepted Answer

to favor one side over another

Question 10

I am conducting a survey to find out my middle school's favorite candy. In order to get the least biased result, I

Accepted Answer

randomly choose students that attend my school and ask them.

Question 11

When am I entitled to a refund on something that I bought?

Accepted Answer

I buy a new jacket. When I get home i realize the zipper is broke

Question 12

Which consumer right fits with this: A food company must list the ingredients in the cereal they produce.

Accepted Answer

Right to be informed.

Question 13

The advertisement you see here is an example of Name-calling.

Accepted Answer

False

Question 14

What are some potential outcomes of a risky investment?

Accepted Answer

Both A and B

Question 15

Products must be guaranteed to be...

Accepted Answer

safe

Question 16

The advertisement in this picture is a good example of ...

Accepted Answer

Card Stacking

Question 17

Putting money in a retirement fund is an example of ...

Accepted Answer

saving and investing

Question 18

A fee charged for borrowing money is called ...

Accepted Answer

Interest

Question 19

Which type of advertisement/propaganda technique does the picture represent?

Accepted Answer

Bandwagon

Question 20

The advertisement below is good example of the transfer technique.

Accepted Answer

True

Question 21

Claims that can be used to protect yourself when purchasing goods or services are called...

Accepted Answer

Consumer rights

Question 22

Which of the following are examples of needs?

Accepted Answer

Water and a place to live

Question 23

Someone who buys a product must use it safely and follow the instructions of use. This is...

Accepted Answer

a consumer's responsibility.

Question 24

The use of carefully crafted messages to manipulate people's actions and beliefs is....

Accepted Answer

propaganda

Question 25

What is interest?

Accepted Answer

A return on your investment.

Financial Literacy (2023) RJ

Questions 25

Financial Literacy (2023) RJ

Questions 25