Lesson 1
Lesson 2
Lesson 3
Vocabulary
Miscellaneous
100
People who manage their money wisely find this very helpful.
What is a budget
100
When you plan to make a purchase, it is wise to go to several stores and do this.
What is comparison shop
100
This President of the united States was very concerned about consumer rights.
Who is President John F. Kennedy
100
Something bought for future financial benefit
What is an investment
100
This group inspects foods and drugs to assure they are safe for consumers.
What is the Food and Drug Administration or FDA
200
These are goods or services that cost money.
What are expenses
200
This is a no name brand of a product
What is generic
200
In 1972, Congress created this commission in order to "protect the public from unreasonable risks or injuries from consumer products". The acronym for this commission is this.
What is CPSC
200
This is money earned back from investing money
What is interest
200
This group sets standards to assure that our nations roadways are safe for travel.
What is the National Highway Traffic Safety Administration or NHTSA
300
This is a special type of loan you get to purchase a home.
What is a mortgage
300
If you make a purchase that wan unplanned, you have done this
What is impulse shopping
300
This consumer protection group ensures that the food and drugs that are sold are safe for consumers.
What is Food and Drug Administration or FDA
300
A government program of retirement and disability benefits
What is Social Security
300
Any time some attempts to sell something over the telephone they are doing this.
What is telemarketing
400
These are three main qualities of a good budget.
What are flexible, ongoing, and clearly stated
400
The term "buyer beware" is warning consumers against this.
What is consumer fraud
400
This group sets highway safety standards.
What is the NHTSA or National Highway Traffic Safety Administration
400
An expense that people decide for themselves whether to spend or not, often for entertainment.
What is a discretionary expense
400
Savings bonds and stocks are examples of this.
What are investments
500
This is the name for all of the money you make, before taxes.
What is gross income
500
You probably receive many of this type of e-mail on a daily basis.
What is spam
500
President Kennedy explained the different rights of the consumers in the USA. He stated them as being the right to safety, the right to be informed, the right to choose, and this.
What is the right to be heard
500
When a company asks consumers to return a product for repair because the product has a safety problem.
What is a recall
500
If a business is doing something wrong you should report them to this group.
What is the Better Business Bureau