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10 Cards in this Set
- Front
- Back
Utility |
Satisfaction from goods and services. |
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Savings |
Delayed consumption to get more money. |
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Mortgage |
A loan to borrow property (like a house) |
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Interest |
The cost of borrowing or what you get for saving. |
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Wealth |
How much money and other durable goods you own. |
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Consumption |
Using goods and services to satisfy needs and wants. |
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Real disposable income |
Personal income after tax and adjusted for changes in prices |
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Collateral |
Something expensive you use to secure a loan |
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Credit card |
A card that shows you have a loan from a bank |
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Consumer expenditure |
The amount of money spent on goods and services. |