Income, Budgeting and Comparison Shopping
The definition of a budget.
What is a plan for managing income and expenses?
Physical money used to purchase goods and services.
What is cash?
A contact is what?
What is a legally enforceable agreement between two or more parties?
A consumer is..
The definition of a consumer assistance organisation
What is a government-run body that helps consumers understand their rights, problems, resolve disputes, and stay safe in the marketplace?
The definition of an income.
What is money received from work or other sources?
Allows consumers to borrow money from a bank.
What is credit card?
One party makes a proposal.
What is offer?
Products should be safe and properly tested.
What is safe products?
An independent organisation that tests products and supports consumers.
The definition of a retailer.
What is a business selling goods directly to consumers?
A written instruction to transfer money.
What is a cheque?
The other party agrees to the proposal.
What is acceptance?
Products should match their description and labels.
What is accurate information?
Helps consumers with banking, credit and financial services.
What is ASIC?
The definition of an e-tailer.
What is an online retailer selling products through the internet?
Buy now, pay later payment service.
What is afterpay?
Each party gives something of value.
What is consideration?
Consumers may receive refunds or replacements for faulty products.
What is refunds and warranties?
Provides advice and support for consumer issues.
What is NSW Fair Trading?
The definition of comparison shopping.
What is comparing prices, quality and features before purchasing?
Paying off an item in instalments before receiving it.
What is lay-by?
Contracts protect both parties and outline responsibilities.
What is importance?
Businesses must clearly show prices and terms.
What is full disclosure?
This organisation handles phone and internet complaints.
What is the Telecommunications Industry Ombudsman (TIO)?