Whats Your Consumer IQ
- 1.Where can you find the cheapest products on supermarket shelves?
- A.
Eye Level
- B.
Top of Bottom of Shelf
- C.
In the sale case at the end of each aisle.
- D.
Back of Shelf
- 2.You receive a phone call from someone representing a charitable organization you havenot heard of. The caller asks you to support what sounds like a worthy cause and he saysyour help is needed immediately. He asks you to donate right away by credit card. Youshould:
- A.
Give him your credit card number but ask him to mail an annual report.
- B.
Agree to donate but only if you can pay by check.
- C.
Listen to him
- D.
Refuse
- 3.After you sign a contract, including a contract to buy a car, you have three days tocancel if you change your mind.
- A.
True
- B.
False
- 4.You are ordering furniture and the store requires a 50 percent deposit. What is thesafest way to pay?
- A.
Check
- B.
Cash
- C.
Credit Card
- D.
Lay By
- 5.You have to outstanding debts whta should you do?
- A.
Pay both of them gradually
- B.
Focus on one loan then on another
- C.
Borrow money to pay it back
- D.
Declare Bankrupt
- 6.How much shoudl you save of your income?
- A.
100%-expenses
- B.
70%-expenses
- C.
50%-expenses
- D.
0
- 7.What is the best brand?
- A.
Home Brand
- B.
Premium
- C.
Cole Smart Buys
- D.
Hi-roller Brand
- 8.You buy a computer and a week later it malfunctions. The computer store says it onlyaccepts returns within five days of the sale, and that you’ll have to deal with themanufacturer. Is the store correct?
- A.
No. If an item is defective, the store must give you a replacement or refund regardless of its return policy.
- B.
Yes, if the item is under a manufacturer’s warranty.
- C.
Yes, if the store’s return policy is clearly posted or printed on the sales receipt.
- D.
Not sure
- 9.Who looks after consumer safety?
- A.
CIA
- B.
CSI
- C.
ACA
- D.
MI6
- E.
IAC
- 10.Vincent is a bit slow and is not sure whether he should keep borrowing money to pay back loans what should he do?
- A.
He should start saving to pay the bank back
- B.
He should keep borrowing
- C.
Borrow money from a friend
- D.
He should declare bankrupt
- 11.Is borrowing as much money as you can and then declaring bankrupt a good idea?
- A.
True
- B.
False
- 12.What is a better way of transport?
- A.
Company Car
- B.
Own transport
- C.
Public Transport
- 13.What is the best way to save money?
- A.
Borrowing money
- B.
Save and only buy necessaries
- C.
Buying whatever you want
- 14.What is a budget?
- A.
A saving plan
- B.
A buying plan
- C.
All of the above
- D.
None of the Above
- 15.What are good ways of saving money?
- A.
Keeping less money in wallet
- B.
Using credit cards often
- C.
Not using credit cards
- D.
Saving up change
- E.
Borrowing money
Questions: 20 | Attempts: 102223 | Last updated: Jul 8, 2021
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