EVERFI Module 4 Consumer Skills Answers
Question Answer
Making a good purchasing decision requires __. All of the above
When you are deciding what to buy , you should… compare the unit price of items similar to the one
you want.
What is one of the best ways to get reliable information about a
product?Search online reviews
Which example shows an advantages of owning a car over leasing
one?No restrictions on the number of miles to drive and
the ability to customize, or make changes to the
car.
Which of the following is NOT an advantage of owning a car? Drive unlimited number of miles
What is the best reason for why someone would want to lease a
house instead of buy one?They are planning on living there for a short period
of time.
A pack of 24 pencils is more expensive than 12 pencils, but why
could buying the 24 pack be the better deal?The price of each pencil, or the unit price, is
actually cheaper in the 24 pack.
Why is figuring out the unit price of something useful when
shopping?It helps you determine the best deal.
Which payment option is not accepted online? Cash
Which payment option takes money out of your bank immediately? Debit Card
Which payment option could have interest charged to you? Credit Card
When making a large purchase, you should avoid everything
EXCEPT ___________a price that fits comfortably in your budget. Question Answer
What are possible red flags or signs of a scam when buying a car? Both A and C
Which of the following is NOT be a warning sign of a scam when
buying a car or other big purchases?A price that fits comfortably in your budget
How does a consumer know whether a purchase may be a good
deal?Both A and B
What is one of the best ways to get reliable information about a
product?Search online reviews
Which example shows an advantage of owning a car over leasing
one?No restrictions on the number of miles to drive and
the ability to customize, or make changes to the
car.
Which of the following is NOT an advantage of owning a car? Smaller down and monthly payments than leasing a
car.
What is the best reason for why someone would want to lease a
house instead of buy one?They are planning on living there for a short period
of time.
Which fact supports the idea that renting is a good option for living in
a place for a short period of time?Landlords take care of most maintenance.
Which housing option gives you more freedom and more
responsibility?Buying a house.
Leasing a car may be a better option than buying a car if… you don’t plan on having it for long and don’t want
to worry about regular maintenance.
Which payment option can of fer additional security like fraud
protection?Credit Card
Which method of payment actually is a form of borrowing money that Credit Card
Question Answer
Making a good purchasing decision requires __. All of the above
When you are deciding what to buy , you should… compare the unit price of items similar to the one
you want.
What is one of the best ways to get reliable information about a
product?Search online reviews
Which example shows an advantages of owning a car over leasing
one?No restrictions on the number of miles to drive and
the ability to customize, or make changes to the
car.
Which of the following is NOT an advantage of owning a car? Drive unlimited number of miles
What is the best reason for why someone would want to lease a
house instead of buy one?They are planning on living there for a short period
of time.
A pack of 24 pencils is more expensive than 12 pencils, but why
could buying the 24 pack be the better deal?The price of each pencil, or the unit price, is
actually cheaper in the 24 pack.
Why is figuring out the unit price of something useful when
shopping?It helps you determine the best deal.
Which payment option is not accepted online? Cash
Which payment option takes money out of your bank immediately? Debit Card
Which payment option could have interest charged to you? Credit Card
When making a large purchase, you should avoid everything
EXCEPT ___________a price that fits comfortably in your budget. Question Answer
What are possible red flags or signs of a scam when buying a car? Both A and C
Which of the following is NOT be a warning sign of a scam when
buying a car or other big purchases?A price that fits comfortably in your budget
How does a consumer know whether a purchase may be a good
deal?Both A and B
What is one of the best ways to get reliable information about a
product?Search online reviews
Which example shows an advantage of owning a car over leasing
one?No restrictions on the number of miles to drive and
the ability to customize, or make changes to the
car.
Which of the following is NOT an advantage of owning a car? Smaller down and monthly payments than leasing a
car.
What is the best reason for why someone would want to lease a
house instead of buy one?They are planning on living there for a short period
of time.
Which fact supports the idea that renting is a good option for living in
a place for a short period of time?Landlords take care of most maintenance.
Which housing option gives you more freedom and more
responsibility?Buying a house.
Leasing a car may be a better option than buying a car if… you don’t plan on having it for long and don’t want
to worry about regular maintenance.
Which payment option can of fer additional security like fraud
protection?Credit Card
Which method of payment actually is a form of borrowing money that Credit Card
