Show:
Buy Now!
Not Today
Pay Later!
This vs That
Miscellaneous
100
Initiative to educate buyers about purchases
What is consumerism?
100
Assures the safety and privacy of your mail
What is the United States Postal Service?
100
Credit
What is borrowing money with the promise of repaying the money later?
100
A credit card
What uses borrowed money that must be repaid with interest?
100
Giving me a shoe to borrow a pencil
What is collateral?
200
Disposable income
What is the income received after taxes are deducted?
200
Responsible for setting safety requirements for cars, highways, etc.
What is the National Highway Safety Administration?
200
Interest
What is the amount charged by banks, etc. for lending money?
200
A durable good
What is something that lasts longer than 3 years?
200
The decimal value of a 27% interest rate
What is .27?
300
Bait-and-switch
What is the act of luring consumers with low prices and trying to sell them a higher priced item?
300
Responsible for protecting against unsafe consumer products like shampoo, make-up, etc.
What is the Consumer Product Safety Commission?
300
A house payment
What is a mortgage?
300
A charge card
What is credit that can only be used in a particular store?
300
Promise made by seller to replace faulty product
What is a warranty?
400
A type of advertisement that shows the features of a product
What is informative advertising?
400
Responsible for the safety of farm products and sees that they are correctly packaged, safe, handled.
What is the US Department of Agriculture?
400
The difference between interest and principal
What is the amount charged for borrowing money versus the amount actually borrowed?
400
Competitive advertising
What is showing the superiority of one product over another?
400
You must be provided a credit report if you are denied a loan
What is the Truth in Lending Law?
500
Generic brand
What is the general name of a product?
500
Handles issues such as pyramid scams
What is the Bureau of Consumer Protection?
500
The four things credit bureaus use to assess creditworthiness
What are: - Payment history - Ability to pay - Character - Collateral
500
An installment loan
What is making paying for a large purchase in set increments over time?
500
Says loans cannot be based on race, religion, etc.
What is the Equal Opportunity Credit Act?