Identity Theft
This term describes fraudulent messages designed by cybercriminals to trick you into clicking malicious links or sharing confidential details
Phishing
The fundamental economic law stating that as product prices increase, the corresponding quantity demanded usually drops
Law of Demand
Because burgers and pizza are alternatives, a massive price hike for pizza will cause the demand for burgers to do this
Rise/Increase
This regular, recurring fee is the mandatory financial payment a consumer makes to an insurance company to keep their coverage active
premium
In financial lending, the acronym "APR" stands for this standardized metric.
Annual Percentage Rate
Usernames, passwords, email addresses, and biometrics together form this specific classification.
Digital Identity
This term represents both the financial capacity and psychological intent of buyers to purchase items at various price points
Demand
Because smartphones and cases are routinely consumed together, an expansion in smartphone demand will shift the case demand curve in this direction
What is rightward
This represents the baseline, out-of-pocket sum a consumer must completely cover before their insurance policy kicks in to pay remaining claims
deductible
This market condition is formally designated by an extended retraction where stock market indexes drop by 20% or more from their recent peaks
Bear Market
Stolen Social Security numbers used to open unauthorized credit cards or take out loans fall under this type of identity theft.
financial identity theft
A standard supply curve slopes in this direction on a graph because higher market prices offer greater profit incentives for businesses
What is upward
Changes in manufacturing input costs, technology breakthroughs, or the number of active industry vendors are all structural shifters of this curve
Supply Curve
The fundamental objective of buying any form of insurance is to do this with risk so you can avoid severe, out-of-pocket financial loss
Transfer it
This banking event materializes—and triggers penalty fees—when a consumer spends more money than they currently possess in a deposit account
overdraft
Modern chip-enabled cards protect your financial data at point-of-sale terminals by dynamically generating this for every separate transaction
What is a unique, one-time security code
Shifts in consumer tastes, trends, or overall population income will trigger a direct shift in this, rather than a movement along it
Demand Curve
If a powerful regional hurricane unexpectedly obliterates 30% of citrus groves, the supply curve for orange juice will shift in this direction
leftward (or decrease)
What type of Insurance would allow you to get surgery or medicine covered?
Health Insurance
This dangerous credit trap involves only paying the minimum balance on a credit card statement, which allows this type of interest to accumulate over an extended period
high compounding interest
According to the identity framework, these four specific elements make up your "Core Identity
What are your legal name, date of birth, address, and phone number
This specific economic state is reached when supply and demand forces are perfectly balanced at a stable market-clearing price
What is Economic Equilibrium
Factory automated harvesting technology breakthroughs optimize efficiency and drop per-unit costs, which causes the supply curve to shift this way
rightward (or increase
This collective concept allows an insurance provider to spread individual risk across thousands of people so that combined premiums can absorb a few costly claims
Risk pool
This smart financial rule of thumb advises you to resist the urge to rapidly scale up your luxury spending every time your career earnings grow
avoiding "Lifestyle Inflation"?