Terms and Concepts Quiz

Creating a list of income and expenses each month to ensure you are spending wisely

Buying and selling of goods over the internet

Is the quantity of goods and services the consumer is willing and able to buy at a given time and price

The amount of income left to be spent after taxes have been paid

The system of buying and receiving goods and paying for them over an agreed period of time.

A person or group of persons who buy goods and service or obtain credit for their own use and satisfaction

A system in which people illegally buy and sell goods, ignoring proper regulations.

A type of credit where goods are paid for over a period of time while they remain in store

The portion of a persons gross income that is left after taxes and all other compulsory deductions have been taken out

The wise and careful use of money and other resources in order to avoid wastage.