Show:
Consumption, Income, and Decision Making
Advertising
Credit
Finances
Loans and Protection
100
The spending money someone has after paying bills and taxes
What is disposable income?
100
Advertising that tries to convince viewers that one product is better than others
What is competitive advertising?
100
A depository institution which provides savings accounts and low interest loans to members
What is a credit union?
100
Financial centers for small savers who are overlooked by commercial banks
What is savings bank?
100
A valuable item which a consumer gives to a lender if a loan goes unpaid
What is collateral?
200
Money that a person spends on frivolous things after all necessities have been paid for
What is discretionary income?
200
Shopping by comparing the prices of similar items from different stores.
What is comparison shopping?
200
The amount of money originally borrowed
What is principal?
200
A financial center which accepts deposits and lends money
What is a savings and loans association?
200
Loan supported by a collateral payment
What is a secured loan?
300
Choosing the best option
What is rational choice?
300
The general name for a product instead of a product by a specific company
What is a generic brand?
300
Items which have a life span of more than 3 years
What are durable goods?
300
The cost of a person's credit each month in money
What is a finance charge?
300
A loan which is backed up by a person's word only
What is an unsecured loan?
400
The movement to inform buyers about safe products
What is consumerism?
400
Advertising that provides useful information to consumers
What is informative advertising?
400
The cost of credit when it is expressed as a yearly percentage
What is the annual percentage rate (APR)?
400
The rating of risk involved with lending money to a person/business
What is credit rating?
400
An act which requires creditors to be truthful and keep consumers informed about costs of borrowing
What is the Truth in Lending Act?
500
When a person acts with moral conviction when choosing between right and wrong
What is ethical behavior?
500
Advertisement that attracts consumers with low prices then tries to sell consumers a higher priced item
What is bait-and-switch?
500
A loan which is repaid with equal payments over a specified period of time
What is an installment debt?
500
A private business that investigates a person determining the risk of allowing them to borrow money
What is a credit bureau?
500
A law which restricts interest charged for credit
What are usury laws?