Module 8 Questions and Answers 100%
Correct
We've talked a lot about impulse buying and its negative impact on both your budget
and your savings. Identify each expense as an "impulse" or "smart" decision. – answer
B. 1,3,4,5 and 6 are impulse expenses and 2 is smart
you want a new cell phone. Which of these sources would be the most dependable? –
answer B. You research "cell phone reviews" and pay attention to the comments from
people who have nothing to do with the manufacturer
In this module we say "good" money burn means you spent money wisely. – answer D.
you shop around and buy a pair of the exact same designer jeans at a thrift shop, and
they cost virtually nothing.
Which of these choices shows the best critical thinking skills – answer B. You attend a
meeting of young consumer advocates.
Which of the following statements is true? – answer C. 1,3,4,6
Chose the right way to cut your variable expenses? – answer A. 1 2 5 6
Which is the best answer? – answer D. For most companies, the purpose of advertising
is to highlight the good things about the company’s products or services. It is not the job
of those companies to tell you the bad things about their products or services
Check the answer identifying habits we talked about.. – answer B. 2 4 6 7
By not negotiating the price of your car you have a $1,00 bad money burn. How long
would it take to earn back the thousand dollars you threw away if you make $10.00 per
hour? – answer C. 100 hours
Which answer illustrates "compound interest" – answer D. You earn interest on the
money in your savings account. Then in addition you earn interest on the interest
Choose the options that make sense. – answer C. 2 3 4
if you’re in a poor family you have poor money skills, it is time to take control of your
spending habits - answer true
what shows bad money burns – answer B. 2 3 4 6
Correct
We've talked a lot about impulse buying and its negative impact on both your budget
and your savings. Identify each expense as an "impulse" or "smart" decision. – answer
B. 1,3,4,5 and 6 are impulse expenses and 2 is smart
you want a new cell phone. Which of these sources would be the most dependable? –
answer B. You research "cell phone reviews" and pay attention to the comments from
people who have nothing to do with the manufacturer
In this module we say "good" money burn means you spent money wisely. – answer D.
you shop around and buy a pair of the exact same designer jeans at a thrift shop, and
they cost virtually nothing.
Which of these choices shows the best critical thinking skills – answer B. You attend a
meeting of young consumer advocates.
Which of the following statements is true? – answer C. 1,3,4,6
Chose the right way to cut your variable expenses? – answer A. 1 2 5 6
Which is the best answer? – answer D. For most companies, the purpose of advertising
is to highlight the good things about the company’s products or services. It is not the job
of those companies to tell you the bad things about their products or services
Check the answer identifying habits we talked about.. – answer B. 2 4 6 7
By not negotiating the price of your car you have a $1,00 bad money burn. How long
would it take to earn back the thousand dollars you threw away if you make $10.00 per
hour? – answer C. 100 hours
Which answer illustrates "compound interest" – answer D. You earn interest on the
money in your savings account. Then in addition you earn interest on the interest
Choose the options that make sense. – answer C. 2 3 4
if you’re in a poor family you have poor money skills, it is time to take control of your
spending habits - answer true
what shows bad money burns – answer B. 2 3 4 6
