EVERFI COMPREHENSIVE TEST BANK FULL
QUESTIONS AND VERIFIED ANSWERS
LEARNING PACKAGE
●● A 10-ounce bottle of your favorite lotion that you use each day costs
$9.50. The 5-ounce bottle only costs $5. Which is the better deal and
why?
Answer: The 10-ounce bottle is a better deal because the price per unit is
lower.
●● Which review of an online clothing store is more trustworthy and
why?
REVEIW A: "All 5 shirts were high quality but small. Order a size up"
(verified purchase).
REVIEW B: "I love everything from this site. Don't miss out on their
great sales" (sponsored review).
Answer: REVEIW A is more trustworthy because it was a verified
purchase.
●● What is an accurate statement about the benefits and risks of using
credit cards to make purchases?
Answer: Credit cards come with fraud protection, but credit card
numbers can be copied by identity thieves.
, ●● What are some things that only a skilled consumer does?
Answer: Research before buying, buy only what you need, consider unit
prices, choose the best payment method
●● What is a good way to make an informed decision about a purchase?
Answer: Read reviews from other customers
●● Are sponsored reviews or verified purchaser reviews more reliable?
Why?
Answer: Verified purchaser reviews are more reliable because the
reviewer isn't being paid for a positive review.
●● What is a risk of using cash?
Answer: Not having fraud protection
●● Alida works from home. Out of the following items, which one is a
want for her? Cell phone, Internet, Groceries, Streaming Service
Answer: Streaming Service
●● Jasmine just received her paycheck. To manage her money, she
categorizes spending by needs, wants, and savings and debts. What
money management strategy is Jasmine following?
Answer: 50-30-20 Rule
QUESTIONS AND VERIFIED ANSWERS
LEARNING PACKAGE
●● A 10-ounce bottle of your favorite lotion that you use each day costs
$9.50. The 5-ounce bottle only costs $5. Which is the better deal and
why?
Answer: The 10-ounce bottle is a better deal because the price per unit is
lower.
●● Which review of an online clothing store is more trustworthy and
why?
REVEIW A: "All 5 shirts were high quality but small. Order a size up"
(verified purchase).
REVIEW B: "I love everything from this site. Don't miss out on their
great sales" (sponsored review).
Answer: REVEIW A is more trustworthy because it was a verified
purchase.
●● What is an accurate statement about the benefits and risks of using
credit cards to make purchases?
Answer: Credit cards come with fraud protection, but credit card
numbers can be copied by identity thieves.
, ●● What are some things that only a skilled consumer does?
Answer: Research before buying, buy only what you need, consider unit
prices, choose the best payment method
●● What is a good way to make an informed decision about a purchase?
Answer: Read reviews from other customers
●● Are sponsored reviews or verified purchaser reviews more reliable?
Why?
Answer: Verified purchaser reviews are more reliable because the
reviewer isn't being paid for a positive review.
●● What is a risk of using cash?
Answer: Not having fraud protection
●● Alida works from home. Out of the following items, which one is a
want for her? Cell phone, Internet, Groceries, Streaming Service
Answer: Streaming Service
●● Jasmine just received her paycheck. To manage her money, she
categorizes spending by needs, wants, and savings and debts. What
money management strategy is Jasmine following?
Answer: 50-30-20 Rule
