Vocabulary 1 Vacbulary 2 Answer it Take a Chance
100
What is a convenience store
store that is open 16-24 hours a day and carries a limited selection of items
100
What is service flow
amount of use a person gets from an item over time and the value a person places on that use
100
warehouse stores
People who are able to use or store large quantities of bulk foo item can save money by shopping at
100
Lose a turn...
:(
200
What is points
fees paid to a lender and computed as percentage of a loan
200
What is private-label product
item that carries the name of a store
200
a smaller percentage of their income on clothing.
Relative to people at the turn of the nineteenth century, people today spend
200
Rent; may not have saved enough money for down payment and would enjoy the benefit of mobility.
Is a student who moves to a city for two years to complete college more likely to buy or rent? Why?
300
What is durability
ability of an item to last a long time
300
What is security deposit
money a renter lets an owner hold in case the rent is not paid or the rented property is damaged.
300
creation of equity
An advantage of home ownership is
300
Lose a Turn
:(
400
What is closing costs
fees involved in arranging for a mortgage or in transferring ownership of property
400
What is club warehouse
store that carries a limited number of brands and items, but charges less than super markets
400
bodily injury and property damage
Automobile liability insurance covers
400
Lose a turn
:(
500
What is lease
long-term agreement describing the terms under which property is rented
500
What is registration fee
a state's licensing fee to use a car
500
taxes
Closing costs on a home include such items as the title search, legal costs, loan application, credit report, house inspection, and
500
Normal maintenance, major repairs, insurance, and gasoline.
What are the ongoing costs of operating a vehicle?






Chap 5 Review

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