Consumer Economics - Ruffolo

Question 1

Period of time at the end of which time deposits will pay a stated rate of interest

Accepted Answer

maturity

Question 2

Getting information on products available from different stores & companies & then analyzing it to make better decisions

Accepted Answer

comparison shopping

Question 3

The highest price paid for a stock in the past year – shows history of the stock

Accepted Answer

52 week high

Question 4

Certificate issued by company or govt.in exchange for borrowed money that pays a stated rate of interest over time

Accepted Answer

bonds

Question 5

BUY ______________, SELL _______________ (to get a piece of the pie when you’re Walkin’ on Wall Street!!)

Accepted Answer

low, high

Question 6

Income that remains after all taxes have been taken out

Accepted Answer

disposable income

Question 7

Advertising that attempts to persuade consumers that a product is different from & superior to any other

Accepted Answer

competitive advertising

Question 8

more established, stable, older Fortune 500 companies tend to be listed in this exchange

Accepted Answer

NYSE

Question 9

Installment debt owed on houses, buildings, or land

Accepted Answer

mortgage

Question 10

Decrease in the value of an asset from the time it was bought to the time it was sold

Accepted Answer

capital loss

Question 11

Receiving funds either directly or indirectly to buy goods or services with the promise to pay for them in the future

Accepted Answer

credit

Question 12

Manufactured items that have a life span longer than 3 years – you can use the item over and over again

Accepted Answer

durable goods

Question 13

Money a stockholder receives on the amount originally invested in the company -paid when the company makes money

Accepted Answer

dividend

Question 14

Advertising that benefits consumers by giving information about a product like price, quality, special features, etc.

Accepted Answer

informative advertising

Question 15

A share of a corporation that you own when you invest money in the corporation

Accepted Answer

stock

Question 16

Income a person has left to spend on luxuries, entertainment, & savings after all necessities have been bought

Accepted Answer

discretionary income

Question 17

Spreading investments among several different types of accounts to lower overall risk

Accepted Answer

diversification

Question 18

Amount of money originally borrowed in a loan

Accepted Answer

principal

Question 19

Often newer, faster growing, smaller companies listed in this exchange – often tech companies

Accepted Answer

NASDAQ

Question 20

Stock market is going down – BAD!

Accepted Answer

bear market

Question 21

The closing price of a stock at the end of the day

Accepted Answer

last

Question 22

Promise made by a manufacturer or seller to repair or replace a product within a certain time period if it is faulty

Accepted Answer

warranties

Question 23

Setting aside income for a time so that it can be used at a future date for big ticket items, retirement, etc.

Accepted Answer

savings

Question 24

Stock market is going up – GOOD!

Accepted Answer

bull market

Question 25

Who is the 1st USA President to send a consumer protection message to Congress?

Accepted Answer

John F. Kennedy

Question 26

The lowest price paid for the stock in the past year – shows history of the stock

Accepted Answer

52 week low

Question 27

Deceptive & misleading advertising - attracts consumers with low prices then tries to sell them a higher priced item

Accepted Answer

bait & switch

Question 28

Company plans that provide retirement income for their workers -not taxed until the workers start drawing from it

Accepted Answer

pension plan

Question 29

Amount of money borrower must pay for the use of someone else’s money OR payment you receive when you lend money out

Accepted Answer

interest

Question 30

Amount of a good or service consumers are willing AND able to buy at various prices

Accepted Answer

demand

Question 31

How much the value of the stock has gone up or down from the preceding day’s closing price

Accepted Answer

change

Question 32

Increase in the value of an asset from the time it was bought to the time it was sold

Accepted Answer

capital gains

Question 33

Most common type of debt that is a type of loan that is repaid with equal payments over a specific period of time

Accepted Answer

installment debt

Question 34

Government program that provides monthly payments to people who are retired or unable to work

Accepted Answer

social security

Consumer Economics - Ruffolo

Questions 34

Consumer Economics - Ruffolo

Questions 34