Ramsey classroom post test chapter 5 Questions and Answers(A+ Solution guide)

What is the digital marketing strategy that tracks users across the web? Retargeting Native ads YouTube videos Content marketing - Answer-Retargeting When using mobile pay, real time records of what you've spent can help you _________? Spend more money Make quicker decisions when buying Make sure you're sticking to your budget Feel good about overspending - Answer-Make sure you're sticking to your budget Why should you never buy the extended warranty? The retailers never keep their promises. Retail items and products rarely break or malfunction. You should buy the extended warranty. It is a smart financial decision. Most retailers will replace or repair the product if it stops working within the first year. - Answer-Most retailers will replace or repair the product if it stops working within the first year. Creating a budget, having clear money goals, and slowing down to think through a purchase are all practices of a ____________. College student Wise consumer Foolish consumer Free spirit - Answer-Wise consumer Since marketers have sophisticated technology and plans to get your money, what can you do to make sure you don't fall into their trap?Make snap decisions to buy products.Stay off any form of digital media entirely. Never buy anything online. Be aware of when and where you're being marketed to. - Answer-Be aware of when and where you're being marketed to. What is the main goal of a retail customer reward system? To help save customers money. To make customers happy through free products and cash back. To get customers to spend more money in the long run. To create wise customers who make smart money decisions. - Answer-To get customers to spend more money in the long run. Stuff doesn't equal ____. Debt makes people look better off than they ______. Wealth; actually are Investments; should be Happiness; deserve Income; want to be - Answer-Wealth; actually are Americans spend over $600 a month on ______________. Impulse purchases they didn't plan to buy Entertainment Groceries and eating out Credit card fees - Answer-Impulse purchases they didn't plan to buy Before you insert your debit card at the gas pump, you should always. . . Pay cash—never use a card at a gas pump Check out the card reader to see if it looks different, loose, or worn Make sure you have enough money in your accountAsk the store clerk if there has been a thief here lately - Answer-Check out the card reader to see if it looks different, loose, or worn Why is paying for something in cash a better option than mobile pay even if it isn't as convenient? It helps the store clerk when you use cash. You feel the loss of money when you use cash, so you're less likely to overspend. It's easier to part ways with cash, so you're more likely to overspend It isn't a better option. The perks of mobile pay outweigh the downsides. - Answer-You feel the loss of money when you use cash, so you're less likely to overspend.