Economics Chapter 17 & 18 Review

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Who is most likely to benefit financially from having to work extra hours to complete a job?

Blue collar workers / hourly

What is the difference between a debit card and a credit card?

Debit: your checking account Credit: taking out a loan

What do we call it when you see something you hadn't planned on buying but you buy it anyway?

Impulse buying

What is the advantage of loan consolidation?

Make one payment per month with lower interest rate

What do we call a person who spends foolishly wasting their money?

Spendthrift


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