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ch. 20

Quiz yourself by thinking what should be in each of the black spaces below before clicking on it to display the answer.
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Term
Definition
consumer   someone who buys a good or service  
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disposable income   money income left after all taxes on it have been paid  
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discretionary income   money income left after necessities have been bought and paid for  
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consumerism   a movement to educate buyers about the purchases they make and to demand better and safer products  
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comparison shopping   buying strategy to get best for money  
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warranty   the promise made by a manufacturer or a seller to repair or replace a product within a certain time period if it's faulty  
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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 money  
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principal   the most important  
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return   profit earned through investing  
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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   contract to repay borrowed money with interest at a specific time in the future  
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mutual fund   pools of money from many people who are invested in a selection of individual stocks and bonds  
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evaluate   to assess or find the value  
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commit   to pledge or assign to a particular action  
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eliminate   to get rid of  
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Created by: roryhanner
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