Chap. 20
Quiz yourself by thinking what should be in
each of the black spaces below before clicking
on it to display the answer.
Help!
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CONSUMER | Or someone who buys a product or service.
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DISPOSABLE INCOME | The money that remains after all taxes on it have been paid.
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DISCRETIONARY INCOME | the money reamining after paying for necessities.
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CONSUMERISM | A movement to educate buyers about the purchases they make and to demand better and safer products from manufacturers.
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COMPARISON SHOPPING | Buying strategy to get best buy for the money.
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WARRANTY | The promise of a manufacturer or a seller to repair or replace a faulty product with in a certain time period.
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BUDGET | A careful record of all the money you earn and spend.
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INCOME | The money you earn.
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EXPENSE | The money you spend on everything, including what you choose to save.
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CREDIT | Borrowing money to pay for something now while promising to repay it later.
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ANNUAL PERCENTAGE RATE (APR) | The annual cost of credit expressed as a percentage of the amount borrowed.
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COLLATERAL | Property, such as a house, car, or other valuable item, that a borrower pledges as security for a loan.
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BANKRUPTCY | The inability to pay debts.
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SAVE | To set aside income for a period of time so that it can be used later.
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INTEREST | The payment people receive when they lend money, or allow someone else to use their money.
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PRINCIPAL | The amount you initially deposited.
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RETURN | Profit earned by the investor, is usually low.
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STOCK | Ownership share of a corporation.
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DIVIDEND | Payment of a portion of a company's earnings.
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BOND | Lending money to a company or goverment.
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MUTUAL FUND | Pools of money from many people.
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IMPULSE BUYING | Purchasing an item on the spot beacuse of an emotional rather than planned decision.
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Review the information in the table. When you are ready to quiz yourself you can hide individual columns or the entire table. Then you can click on the empty cells to reveal the answer. Try to recall what will be displayed before clicking the empty cell.
To hide a column, click on the column name.
To hide the entire table, click on the "Hide All" button.
You may also shuffle the rows of the table by clicking on the "Shuffle" button.
Or sort by any of the columns using the down arrow next to any column heading.
If you know all the data on any row, you can temporarily remove it by tapping the trash can to the right of the row.
To hide a column, click on the column name.
To hide the entire table, click on the "Hide All" button.
You may also shuffle the rows of the table by clicking on the "Shuffle" button.
Or sort by any of the columns using the down arrow next to any column heading.
If you know all the data on any row, you can temporarily remove it by tapping the trash can to the right of the row.
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Created by:
ILIANAE
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