Annual Percentage Rate
What is still owed on Credit Card
Cost for using Credit Card
Borrow and pay back in limited number of months
No Final Payment Date
Pay off sometime in future when you get the money
Credit card removes from checking account, debit card payoff each month,
Debit card removes from checking, charge pay interest monthly, credit payoff in full monthly
Debit removes from checking,charge card pay in full monthly, credit future money pay interest
Asking your neighbors if good credit risk
Checking credit history with credit companies
Asking the bank how much you have in your account
700 +
300-450
1000+
Truth in Lending Law
Credit Card disclosure Law
Credit in Lending Law
Final payment date
No final payment date
Pay whenever you want
How much you spend
Your jobs income
When you buy something
$250
$50
$30
Price goes down spending goes up
Price goes up demand for quantity goes down
Price goes up demand for goods goes up
Federal Demand Insurance Corporation
Federal Deposit Insurance Corp
Federal Deposit Interest Company
Desire to buy a good or service
Demand for goods that are not yet processed
Desire for price to go down before purchasing
Income
Stockbrokers
Interest of customers/ consumers
Schedule for Consumer Demand
Table that lists possible prices and Quantity
Schedule for releasing a new product
Income and substitute effect
More money to spend
So they can sell on Ebay when price goes up
How far demand will stretch before price goes up
How people respond to change in price for goods or service
When Demand goes up Supply goes down on goods or services
Supply and price never changes
A change in price causes people to buy more or less
A change in price still results in consumers buying the same amount
Competition between Producers to create the most of one product or service
How much Consumers force a Producer to create in a month
The Amount of a Product/Service a Producer is willing to provide
Changes in Demand cause consumers to move stocks in stock market
A change in price still results in consumers buying the same amount
A change in price causes people to buy more or less
Consumer Income
Number of Consumers
Neighbors purchase
Consumer Taste
Price of Substitutes
Price Compliment
All of the Above
Income
Time Limit
Portion of Income Used
Color of Product
Substitutes
As Price increases Demand increases
As Price increases Quantity increases
As Demand decreases Price Increases
Black Friday
Make money on Junk
Not everyone can afford item
Big Hearts
Help bring in Customers
Quantity is simultaneously equal to both the quantity demanded and quantity supplied
Demand goes up price goes up
Quantity goes up and is equal to demand and pricing
A Scarey City
Small Inadeqate amount
Large quantities hoarded in warehouses