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Consumers ed

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puggy814's version from 2017-05-04 00:57

Section

Question Answer
InterestThe same amount of money paid regurly at the same paste
compound interestis interest paid on interest previously earned
inflationthe increase in the cost of goods and services over a period of time
interest bearing rate a bank account that pays u interest every yr
sinking fundsetting aside money
inflation happens when the economy is growing rapidly
recessiona downturn in economic activity
hyperinflationinfluenced by special and temporary factors
1 foundations emergency
2debt
3cash
4college
5wealth
how much $ for emergency fund$500
memorize