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Ch.5 Ramsey Pre-Test Questions And
Answers 100% Pass.
An example of discretionary spending is _______ - Answer✔Nonessential goods and services
Why do stores like scan and go options, apps, and one-click purchases? - Answer✔It makes
paying easier and faster, so customers are more likely to overspend.
As an effective marketing strategy, companies pay a lot to... - Answer✔Have their products
strategically placed in stores.
When someone steals and uses your debit or credit card info, that's called ______________. -
Answer✔Fraud
What does it mean to develop power over purchase? - Answer✔You are able to slow down and
think through your motives before buying something.
To think big picture, you need to understand that . . . - Answer✔The best way to have more
money is to have contentment
Americans spend over $2,100 a year on ______________. - Answer✔Impulse purchases
Companies use marketing to get your prefrontal cortex offline so you'll be vulnerable to impulse
purchases. - Answer✔True
What is the digital marketing strategy that tracks users across the web? - Answer✔Retargeting
Before you insert your debit card at the gas pump, you should always. . . - Answer✔Check out
the card reader to see if it looks different, loose, or worn
It's your right as the consumer to . . . - Answer✔Expect a product to live up to the quality
promised to you before you purchased it
The key to contentment is gratitude. - Answer✔True
Part of being a smart consumer is being able to . . . - Answer✔Say no to an unnecessary purchase
Why is paying for something in cash a better option than a virtual payment even if it isn't as
convenient? - Answer✔If you make spending less convenient, you're less likely to buy things
you don't need.
1|Page
Ch.5 Ramsey Pre-Test Questions And
Answers 100% Pass.
An example of discretionary spending is _______ - Answer✔Nonessential goods and services
Why do stores like scan and go options, apps, and one-click purchases? - Answer✔It makes
paying easier and faster, so customers are more likely to overspend.
As an effective marketing strategy, companies pay a lot to... - Answer✔Have their products
strategically placed in stores.
When someone steals and uses your debit or credit card info, that's called ______________. -
Answer✔Fraud
What does it mean to develop power over purchase? - Answer✔You are able to slow down and
think through your motives before buying something.
To think big picture, you need to understand that . . . - Answer✔The best way to have more
money is to have contentment
Americans spend over $2,100 a year on ______________. - Answer✔Impulse purchases
Companies use marketing to get your prefrontal cortex offline so you'll be vulnerable to impulse
purchases. - Answer✔True
What is the digital marketing strategy that tracks users across the web? - Answer✔Retargeting
Before you insert your debit card at the gas pump, you should always. . . - Answer✔Check out
the card reader to see if it looks different, loose, or worn
It's your right as the consumer to . . . - Answer✔Expect a product to live up to the quality
promised to you before you purchased it
The key to contentment is gratitude. - Answer✔True
Part of being a smart consumer is being able to . . . - Answer✔Say no to an unnecessary purchase
Why is paying for something in cash a better option than a virtual payment even if it isn't as
convenient? - Answer✔If you make spending less convenient, you're less likely to buy things
you don't need.
1|Page
