Herb Weisbaum - The ConsumerMan

SMART SHOPPER QUIZ

1. In general, when ordering something by mail, phone, or computer how long does the company have to ship the merchandise?
a) 7 business days
b) 14 business days
c) 30 days

2. A charity is required to spend what percentage of your contribution on its stated charitable purpose?
a) 80 percent
b) 50 percent
c) 35 percent
d) There is no requirement

3. An oral contract is just as valid and enforceable as a written one, especially if you shake hands on the deal. True or False?
a) True
b) False

4. Which type of washing machine is most efficient?
a) Top-loader
b) Front-loader
c) Either; they are both equally efficient

5. The “unordered merchandise statute” states that if you receive merchandise in the mail you did not order you must pay the company that sent it or pay to send it back. True or False?
a) True
b) False

6. When a check is written with the amount in numbers and the amount in words that do not match, which is legally binding?
a) The amount written in words
b) The numbers
c) Neither; the check is void

7. Which of the following investments is NOT covered by the FDIC?
a) Saving account
b) Checking account
c) Mutual funds

8. The ingredients on food labels are listed in descending order by:
a) Volume
b) Calories
c) Weight

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