Shopping and Money: Master Vocabulary and Phrases for Everyday Transactions

Question 1

Imagine you're shopping for a new backpack. You find one you really like, but it costs a bit more than you had planned to spend. What is the best way to ask for a lower price?

Accepted Answer

Politely ask the salesperson if there is any flexibility in the price.

Answer

Tell the salesperson that you'll pay less than the asking price.

Answer

Threaten to leave the store if you don't get a lower price.

Question 2

How can we shop more sustainably to reduce our environmental impact?

Accepted Answer

Choose products made from sustainable materials, buy less frequently, and recycle or donate unwanted items.

Answer

Shop only at stores that use renewable energy.

Question 3

What's the difference between something you need and something you want?

Accepted Answer

A need is something you can't live without, while a want is something you'd like to have.

Answer

A need is something you can buy, while a want is something you can't.

Answer

A need makes you happy, while a want makes you sad.

Question 4

You have a budget of $100 for a shopping trip. How will you plan your purchases and manage your budget to stay within your limit?

Accepted Answer

Make a shopping list, compare prices, and prioritize essential items within your budget.

Answer

Buy as many items as possible, even if they exceed your budget.

Answer

Only buy sale items or clearance items, even if they are not what you need.

Question 5

Which of these is NOT a smart way to shop?

Accepted Answer

Buy things right away, even if you don't need them or can't afford them.

Answer

Think about how well things are made.

Answer

Check prices at different stores.

Question 6

When choosing between two similar products with different prices, what factors should you compare to make an informed decision?

Accepted Answer

Compare the price difference to the potential differences in quality, durability, and brand reputation.

Answer

Only consider the reputation of the brands.

Answer

Focus solely on the price, even if it means lower quality.

Question 7

When shopping for clothes, how can consumers make choices that support ethical fashion practices?

Accepted Answer

Choose clothes made from sustainable materials

Accepted Answer

Support brands that pay fair wages to workers

Accepted Answer

Buy less clothing overall

Answer

Donate old clothes to charity

Question 8

When traveling to another country, why is it crucial to understand exchange rates?

Accepted Answer

To prevent overspending or running out of money.

Answer

To change the local currency into your own.

Answer

To speak with locals in their native tongue.

Question 9

When shopping, it's important to think about 'value for money.' What does this term mean to you? Give examples to explain your answer.

Accepted Answer

Value for money means getting a product or service that meets your needs at a fair price.

Answer

Value for money means getting the lowest price possible, no matter what.

Answer

Value for money means getting the best quality product or service, even if it costs more.

Answer

Value for money means getting something for nothing.

Question 10

Question:
Social media influencers can influence consumer trends and promote products. How can you tell if an influencer is credible and trustworthy when making purchasing decisions?

Accepted Answer

When evaluating the credibility of a social media influencer, consider their expertise, transparency, and authenticity.

Answer

Social media influencers have no impact on consumer trends or purchasing decisions.

Answer

All social media influencers have equal credibility and trustworthiness.

Answer

The best way to evaluate the credibility of a social media influencer is to look at the number of followers they have.

Question 11

How do cultural backgrounds impact people's financial habits, including spending and saving?

Accepted Answer

Cultural backgrounds significantly influence financial habits, shaping how people manage their money.

Answer

Cultural backgrounds have no impact on financial habits.

Answer

Cultural backgrounds only affect spending habits, not saving habits.

Answer

Cultural backgrounds have some influence on financial habits, but only in certain cultures.

Question 12

Which advertising approach is most effective in shaping consumer decisions?

Accepted Answer

Tailor ads to specific consumer demographics and interests.

Answer

Use a single persuasive technique, like emotional appeals, in all ads.

Answer

Keep ads short and simple, with few visual elements.

Question 13

How have e-commerce and mobile payments changed the way people shop and manage their money?

Accepted Answer

Increased convenience and accessibility, leading to more online shopping and less in-store shopping.

Answer

Little to no impact on shopping habits, with people still preferring in-store shopping.

Answer

E-commerce has become popular, but mobile payments are less common because people are hesitant to use new payment methods.

Answer

Technological advancements have mainly helped small businesses reach more customers and compete with larger retailers.

Question 14

When making eco-friendly and socially responsible shopping choices, which two strategies can consumers use?

Accepted Answer

Buy products made from recycled materials and support businesses with ethical labor practices.

Answer

Focus on buying cheap products.

Answer

Only buy products from local businesses.

Answer

Consumers don't need to think about the impact of their purchases.

Question 15

What is the currency used in the United States?

Accepted Answer

United States Dollar

Answer

American Dollar

Answer

US Currency

Answer

Dollar

Question 16

Which item is typically NOT sold at a grocery store?

Accepted Answer

Books

Answer

Bread

Answer

Milk

Answer

Eggs

Question 17

How would you correctly state that you need a new pair of shoes?

Accepted Answer

I need a new pair of shoes.

Answer

I want to buy new shoes.

Answer

I require new footwear.

Answer

I must have new shoes.

Question 18

What does the expression 'break the bank' usually mean?

Accepted Answer

To spend all your money.

Answer

To earn a lot of money.

Answer

To rob a bank.

Answer

To save a lot of money.

Question 19

In the United States, how much is a quarter worth compared to a dollar?

Accepted Answer

25 cents

Answer

50 cents

Answer

75 cents

Answer

100 cents

Question 20

How do you ask for the price of a book in Spanish?

Accepted Answer

Cuánto cuesta el libro?

Answer

Dónde está el libro?

Answer

Me gusta el libro.

Answer

El libro es rojo.

Question 21

Which of the following is NOT a coin used in the United States?

Accepted Answer

Pound

Answer

Penny

Answer

Nickel

Answer

Dime

Question 22

What is the Spanish translation for 'I want to buy this shirt'?

Accepted Answer

Quiero comprar esta camisa.

Answer

Me gusta esta camisa.

Answer

Esta camisa es bonita.

Answer

Cuánto cuesta esta camisa?

Question 23

Which of the following is a good budgeting practice?

Accepted Answer

Saving a portion of your income

Answer

Spending all your money at once

Answer

Borrowing more money than you can afford

Answer

Investing all your savings in one risky stock

Question 24

What is the currency symbol for the euro?

Accepted Answer

€

Answer

$

Answer

£

Answer

¥

Question 25

Which of the following is NOT an electronic payment method?

Accepted Answer

Cash

Answer

Credit card

Answer

Debit card

Answer

Mobile payment

Question 26

What is the main purpose of creating a budget?

Accepted Answer

To track your income and expenses

Answer

To avoid paying taxes

Answer

To impress your friends

Answer

To make it harder to spend money

Question 27

Which of the following is a responsible saving habit?

Accepted Answer

Saving a fixed amount each month

Answer

Spending more than you earn

Answer

Investing in high-risk investments

Answer

Borrowing money to make purchases

Question 28

What is the key difference between a credit card and a debit card?

Accepted Answer

Credit cards allow you to borrow money, while debit cards only allow you to spend money you have.

Answer

Debit cards allow you to borrow money, while credit cards only allow you to spend money you have.

Answer

Credit cards and debit cards are the same thing.

Answer

Debit cards are more secure than credit cards.

Question 29

In a store, how do you ask the price of an item?

Accepted Answer

What is the price of this?

Answer

Where can I find this item?

Answer

Do you have this in a different color?

Answer

Can I get a discount on this?

Question 30

You are at a clothing store and want to buy a pair of jeans. Which phrase would you use to make your purchase?

Accepted Answer

I would like to buy these jeans.

Answer

Can I try on these jeans before I buy them?

Answer

Where are the dressing rooms?

Answer

Do you have these jeans in a smaller size?

Question 31

Which of the following is the currency used in the United States?

Accepted Answer

Dollar

Answer

Euro

Answer

Pound

Answer

Yen

Question 32

When shopping online, what does the 'shipping cost' refer to?

Accepted Answer

The cost of wrapping and sending the item to your address

Answer

The cost of the item itself

Answer

The cost of insurance for the item during shipping

Answer

The cost of returning the item if you don't like it

Question 33

What is a 'discount'?

Accepted Answer

A reduction in the price of an item

Answer

An increase in the price of an item

Answer

A coupon that gives you free items

Answer

A special promotion that offers additional products

Question 34

Which of the following is a good money management practice?

Accepted Answer

Saving money regularly

Answer

Spending all your money at once

Answer

Borrowing money from friends without paying back

Answer

Investing in risky ventures

Question 35

Which of the following is the correct way to ask for the price of an item?

Accepted Answer

Cuánto cuesta?

Answer

Qué precio es?

Answer

Cuánto vale?

Answer

Cuánto paga?

Question 36

Which of the following is NOT a responsible money management practice?

Accepted Answer

Spending more than you earn

Answer

Saving money

Answer

Making a budget

Answer

Investing money

Question 37

What is the official currency of the United States?

Accepted Answer

Dollar

Answer

Euro

Answer

Pound

Answer

Yen

Question 38

Which method is the most effective for comparing prices between stores?

Accepted Answer

Calculating the price per unit

Answer

Looking at the total price

Answer

Checking the brand name

Answer

Asking a store employee

Question 39

What is a 'receipt' used for?

Accepted Answer

As proof of purchase

Answer

As a shopping list

Answer

As a form of currency

Answer

As a credit card statement

Question 40

Which option is NOT a common method of payment in most stores?

Accepted Answer

Bartering

Answer

Cash

Answer

Credit card

Answer

Debit card

Question 41

What is the best approach to managing your finances?

Accepted Answer

Creating a budget and tracking expenses

Answer

Spending without limits

Answer

Borrowing funds from friends or family

Answer

Investing solely in high-risk stocks

Question 42

What is the term used to describe a general increase in prices and a decrease in the purchasing value of money?

Accepted Answer

Inflation

Answer

Deflation

Answer

Hyperinflation

Answer

None of the options provided

Question 43

When managing your money, what is an example of a 'trade-off' you might have to make?

Accepted Answer

Spending less on entertainment to save for a house.

Answer

Earning more money to buy a new car.

Answer

Borrowing money from a friend to pay for a vacation.

Answer

Saving money for college.

Question 44

Which of the following is NOT a currency used in the United States?

Accepted Answer

Euro

Answer

Dollar

Answer

Pound

Answer

Cent

Question 45

Which of the following is a smart way to save money?

Accepted Answer

Spending less than you earn.

Answer

Investing in stocks.

Answer

Borrowing money from family.

Answer

Buying everything you desire.

Question 46

How do you say 'Can I pay with a credit card?' in English?

Accepted Answer

May I use my credit card?

Answer

Do you accept credit cards?

Answer

Is it cash only?

Answer

Can I pay with a debit card?

Question 47

Which of the following is an advantage of using a debit card?

Accepted Answer

You don't have to carry cash.

Answer

You can earn rewards points.

Answer

You can improve your credit score.

Answer

You can get a loan against your balance.

Question 48

Which of the following is NOT a smart financial habit?

Accepted Answer

Spending money without thinking.

Answer

Planning for the future.

Answer

Saving for emergencies.

Answer

Investing in education.

Question 49

Question:

What is impulse buying, and how does it impact personal finances and the environment?

Accepted Answer

Impulse buying is making unplanned purchases based on emotions and desires, leading to overspending and financial strain.

Answer

Impulse buying is making large purchases that are carefully planned and budgeted for.

Answer

Impulse buying has no impact on personal finances or the environment.

Answer

Impulse buying is a form of wise spending that helps individuals manage their finances effectively.

Question 50

When shopping in a foreign country, which phrase can you use to ask for the price of an item?

Accepted Answer

What is the price of this item?

Answer

How much is this item?

Answer

Can I buy this item?

Answer

Where can I find this item?

Question 51

Which of the following is NOT a type of currency used in the United States?

Accepted Answer

Euro

Answer

Dollar

Answer

Quarter

Answer

Nickel

Question 52

If you have a coupon for 15% off, how much would you pay for a $25 item?

Accepted Answer

$21.25

Answer

$22.50

Answer

$23.75

Answer

$24.50

Question 53

Which of the following is a good tip for budgeting your money?

Accepted Answer

Create a budget and stick to it

Answer

Spend all your money at once

Answer

Borrow more money than you can afford

Answer

Don't track your expenses

Question 54

What is the Spanish equivalent of the word 'sale'?

Accepted Answer

Oferta

Answer

Compra

Answer

Precio

Answer

Dinero

Question 55

Which of the following is NOT a good habit to develop when shopping?

Accepted Answer

Buying everything you see

Answer

Making a list before going

Answer

Comparing prices before buying

Answer

Sticking to your budget

Question 56

What is the best way to exchange dollars to euros?

Accepted Answer

Use a currency converter online or at a bank

Answer

Ask a friend who knows about currency exchange

Answer

Guess the exchange rate

Answer

Divide the dollar amount by 10

Question 57

What is the polite way to say 'Thank you for your purchase' in Spanish?

Accepted Answer

Gracias por su compra.

Answer

De nada.

Answer

Hasta luego.

Answer

Por favor.

Question 58

When shopping, you may encounter sales tax, which is a percentage added to the purchase price. To calculate the final cost of an item including sales tax, what should you do?

Accepted Answer

Multiply the purchase price by 1 plus the sales tax percentage.

Answer

Subtract the sales tax percentage from the purchase price.

Answer

Multiply the purchase price by 1 minus the sales tax percentage.

Answer

Divide the purchase price by the sales tax percentage.

Question 59

Which question is used to ask the price of an item in a store?

Accepted Answer

How much does this cost?

Answer

Can I get this?

Answer

Where is this?

Answer

I want this.

Question 60

Which symbol stands for the American dollar?

Accepted Answer

$

Answer

€

Answer

£

Answer

¥

Question 61

If you start with 10 dollars and spend 5 dollars, how much money will you have left?

Accepted Answer

5 dollars

Answer

10 dollars

Answer

15 dollars

Answer

20 dollars

Question 62

Which of these is NOT a good habit for managing money?

Accepted Answer

Spend more than you earn

Answer

Create a budget

Answer

Save a part of your income

Answer

Track your spending

Question 63

In Spanish, how do you ask the price of an item?

Accepted Answer

¿Cuánto cuesta?

Answer

¿Cuál es el costo?

Answer

¿Qué precio tiene?

Answer

¿Cómo se hace?

Question 64

Which of the following is not a French word for 'money'?

Accepted Answer

Dollar

Answer

Argent

Answer

Monnaie

Answer

Franc