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10 Cards in this Set

  • Front
  • Back

Utility

Satisfaction from goods and services.

Savings

Delayed consumption to get more money.

Mortgage

A loan to borrow property (like a house)

Interest

The cost of borrowing or what you get for saving.

Wealth

How much money and other durable goods you own.

Consumption

Using goods and services to satisfy needs and wants.

Real disposable income

Personal income after tax and adjusted for changes in prices

Collateral

Something expensive you use to secure a loan

Credit card

A card that shows you have a loan from a bank



Consumer expenditure

The amount of money spent on goods and services.