Consumerism
Americans and Credit
Shopping and Renting
Saving and Investing
Hodge Podge
100
Amount of money a borrower must pay for the use of someone else's money.
What is Interest
100
Financial institution that has the most money for lending.
What is a commercial bank.
100
Low price store -brand products are called.
What are private-labeled products.
100
Certificates issued by the US Treasury with maturities up to 26 weeks.
What are Treasury bills.
100
Fees paid to a lender and computed as part of a loan.
What are points.
200
Income remaining for a person to spend or save after all taxes have been paid.
What is disposable income.
200
Loan guaranteed only by the promise to pay it.
What is an unsecured loan.
200
Place for consumers to buy food in bulk in order to save money.
What are club warehouse stores.
200
Investment company that pools the funds of many individuals to by investments.
What are mutual funds.
200
Promise by a manufacturer or seller to repair or replace faulty products.
What is a warranty.
300
Deceptive advertising practice that attracts customers with a low-priced product, then tries to sell them a higher priced product.
What is Bait and Switch.
300
Something of value that a borrower lets the lender claim if the loan is not repaid.
What is collateral.
300
Means of comparing the costs of like products.
What is unit-pricing.
300
Allow people to save money each year while deferring taxation.
What are Keogh and IRA plans.
300
Spreading of investments among several different types of accounts to lower overall risks.
What is diversification.
400
Income a person has left to spend on extras after all necessaties have been bought.
What is discretionary income.
400
The sord designation for the top rated credit score.
What is excellent.
400
Long-term agreement describing the term under which property is rented.
What is a lease.
400
Time deposit htat states the amount of deposit, the maturity, and the rate of interest.
What is a certificate of deposit.
400
What is the first question to ask when making a purchase.
What is Do I really need this item.
500
Movement to educate buyers about the purchases they make.
What is Consumerism.
500
Financial institution that takes over unpaid debt and collects on it for a fee.
What is a finance company
500
Value you place on the use of an item.
What is service flow.
500
Allows investors to write checks.
What is a money market deposit account.
500
The cost of credit expressed in dollars and cents.
What is the annual percentage rate.
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