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16 Cards in this Set
- Front
- Back
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Private labeled products |
Lower priced store brand products carried by some supermarkets chains and club wholesale chains |
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Service flow |
Amount use of person gets from item and the value a person places on this use |
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Closing cost |
Fees involved in arranging a mortgage or transferring ownership property |
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Points |
Fees paid to a lender and a computed as percentage of a loan |
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Liability insurance |
Pays for bodily injury and property damage |
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Time deposits |
Saving plans that require savers to leave their funds on deposit for a certain periods of time |
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Maturity |
Period of time at the end of which time deposits will pay a stated rate of interest |
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Capital loss |
Decrease in value of An asset from time it was bought to the time it was sold |
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Treasury bills |
certificates issued by U.S. Treasury in exchange for a minimum of $1000 and maturing in a few days up to 26 weeks |
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Keogh plan |
Retirement plan allows self employed to save a max of 15% of income to a specified amount each year |
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Roth IRA |
Private retirement plan that taxes income before it Is saves but doesn't tax interest on income when funds are upon retirement |
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Real income effect |
Economic rule that individuals can't keep buying same quality of product if it's price rises while income stays the same |
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Demand curve |
Downward slope line that shows graph form the quantities demanded at each possible price |
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Elasticity |
Economic concept dealing with consumers responsiveness to an increase or decrease in the price of product |
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Supply curve |
Upward slope shows graph form quantities supplies at each possible price |
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Black market |
Illegal market |
