Personal Finance: Sections 3.1 - 3.3 Review

This reflects on how people think about their future and about the product being sold.

• Decision

• Choice

• Habits

• Attitudes

We buy things without thinking about it to support our __.

• attitudes

• habits

• values

• dreams

Inflation is measured by the U.S. government with a tool called the

• Consumer Price Index

• Consumer Product Index

• Customer Price Index

• Customer Product Index

__ is getting the highest value for the money spent.

• Recognizing

• Economizing

• Minimizing

• Optimizing

___, is designed to encourage a customer's repeat business by providing special discounts.

• Customer advertising

• Customer loyalty program

• Customer shopping

• Comparison shopping

__ is the process of selecting goods and services based on need, want, and logical choices.

• Rational buying

• Emotional buying

• Impulse buying

• Custom buying

Many people receive annual ___ or pay increases from their employer.

• bonuses

• cost of living adjustments

• commissions

• tips

__ occurs when prices are rising, but the rate of increase is slowing down.

• Hyperinflation

• Reflation

• Inflation

• Disinflation

As resources become scarce or more difficult to get, prices rise in the form of __.

• demand-pull inflation

• cost-push inflation

• real-cost inflation

• raw-cost inflation

When prices are rising so rapidly that they are out of control, this is called

• disinflation

• reflation

• hyperinflation

• hypoinflation