Task 2: Unit 2 part 2: Spending Review

Froggy Jumps

Test your knowledge on Spending vs Saving

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Kristine Vester

United States

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Froggy Jumps Task 2: Unit 2 part 2: Spending ReviewVersion en ligne Test your knowledge on Spending vs Saving par Kristine Vester 1 What is conspicuous consumption? a Purchasing goods to signal status or wealth. b Buying for functionality. c Purchasing necessities only. 2 Which of the following is an example of conspicuous consumption? a Buying groceries. b Purchasing a used bike. c Buying a luxury car to impress others. 3 What is a common motivation behind conspicuous consumption? a To fulfill basic needs. b To save money. c To improve one's social status. 4 Which of the following can result from conspicuous consumption? a Increased savings. b Better financial planning. c Spending beyond one's means. 5 What can excessive borrowing lead to? a Increased wealth. b Credit problems. c Better credit scores. 6 Which items are often associated with conspicuous consumption? a Basic household items. b Cars, tech, clothing c Second-hand furniture. 7 What is a potential negative outcome of conspicuous consumption? a Financial stress due to overspending. b Improved financial literacy. c Enhanced social connections. 8 Why do marketers use celebrities in ads? a To confuse the audience. b To leverage their popularity and influence. c To reduce production costs. 9 Which of the following is a benefit of using celebrities in advertising? a Longer ad duration. b Increased brand visibility. c Decreased sales. 10 Which type of products often use celebrity endorsements? a Basic necessities. b Luxury goods. c Public services. 11 What should you do regularly to avoid overspending? a Ignore your budget. b Spend freely. c Revisit your spending plan. 12 Why is it important to adjust your spending plan? a To spend more money. b Needs and circumstances change. c To make it more complicated. 13 What can help remind you of your financial goals? a An illustration of your goals. b A credit card. c A shopping list. 14 How should you approach advertising to avoid spending? a Ignore all ads. b Think critically about it. c Believe everything you see. 15 What is a good practice for managing purchases? a Document your purchases. b Only keep receipts for big items. c Forget about them. 16 What is a budget? a A way to spend more. b A list of things to buy. c A plan for managing your money. 17 What should you do if your plan becomes unreasonable? a Adjust it accordingly. b Stick to it anyway. c Ignore it completely. 18 What is a key benefit of having a spending plan? a Encourages more spending. b Makes budgeting harder. c Helps avoid unnecessary expenses. 19 What is the process of making money from money called? a Saving b Investing c Spending 20 What do you earn from a savings account? a Interest b Taxes c Fees 21 What are payments made to shareholders called? a Dividends b Royalties c Bonuses 22 What can increase the value of your investments? a Inflation b Market demand c Taxes 23 What type of investment typically pays dividends? a Real estate b Bonds c Stocks 24 What does 'pay yourself first' mean? a Spending on luxuries first. b Ignoring savings altogether. c Prioritizing savings before other expenses. 25 What is a zero-based budget? a A budget that only tracks savings. b A budget with no expenses. c A budget where income minus expenses equals zero. 26 Which is a benefit of paying yourself first? a Reduces income. b Ensures savings are prioritized. c Increases debt. 27 What is an infomercial typically about? a Promoting products with persuasive techniques. b News reporting. c Educational content. 28 What is an infomercial? a a 30 second commercial b a long detailed commercial, at least 15 minutes c shark tank

Froggy Jumps

Task 2: Unit 2 part 2: Spending ReviewVersion en ligne

Test your knowledge on Spending vs Saving

par Kristine Vester

What is conspicuous consumption?

Purchasing goods to signal status or wealth.

Buying for functionality.

Purchasing necessities only.

Which of the following is an example of conspicuous consumption?

Buying groceries.

Purchasing a used bike.

Buying a luxury car to impress others.

What is a common motivation behind conspicuous consumption?

To fulfill basic needs.

To save money.

To improve one's social status.

Which of the following can result from conspicuous consumption?

Increased savings.

Better financial planning.

Spending beyond one's means.

What can excessive borrowing lead to?

Increased wealth.

Credit problems.

Better credit scores.

Which items are often associated with conspicuous consumption?

Basic household items.

Cars, tech, clothing

Second-hand furniture.

What is a potential negative outcome of conspicuous consumption?

Financial stress due to overspending.

Improved financial literacy.

Enhanced social connections.

Why do marketers use celebrities in ads?

To confuse the audience.

To leverage their popularity and influence.

To reduce production costs.

Which of the following is a benefit of using celebrities in advertising?

Longer ad duration.

Increased brand visibility.

Decreased sales.

Which type of products often use celebrity endorsements?

Basic necessities.

Luxury goods.

Public services.

What should you do regularly to avoid overspending?

Ignore your budget.

Spend freely.

Revisit your spending plan.

Why is it important to adjust your spending plan?

To spend more money.

Needs and circumstances change.

To make it more complicated.

What can help remind you of your financial goals?

An illustration of your goals.

A credit card.

A shopping list.

How should you approach advertising to avoid spending?

Ignore all ads.

Think critically about it.

Believe everything you see.

What is a good practice for managing purchases?

Document your purchases.

Only keep receipts for big items.

Forget about them.

What is a budget?

A way to spend more.

A list of things to buy.

A plan for managing your money.

What should you do if your plan becomes unreasonable?

Adjust it accordingly.

Stick to it anyway.

Ignore it completely.

What is a key benefit of having a spending plan?

Encourages more spending.

Makes budgeting harder.

Helps avoid unnecessary expenses.

What is the process of making money from money called?

Saving

Investing

Spending

What do you earn from a savings account?

Interest

Taxes

Fees

What are payments made to shareholders called?

Dividends

Royalties

Bonuses

What can increase the value of your investments?

Inflation

Market demand

Taxes

What type of investment typically pays dividends?

Real estate

Bonds

Stocks

What does 'pay yourself first' mean?

Spending on luxuries first.

Ignoring savings altogether.

Prioritizing savings before other expenses.

What is a zero-based budget?

A budget that only tracks savings.

A budget with no expenses.

A budget where income minus expenses equals zero.

Which is a benefit of paying yourself first?

Reduces income.

Ensures savings are prioritized.

Increases debt.

What is an infomercial typically about?

Promoting products with persuasive techniques.

News reporting.

Educational content.

What is an infomercial?

a 30 second commercial

a long detailed commercial, at least 15 minutes

shark tank

Task 2: Unit 2 part 2: Spending Review

Froggy Jumps

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