Krueger, Explorations in Economics 1e, Module 36
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Identity theft
Any crime involving the wrongful acquisition and use of another person's personal information.
Residual value
The value assigned to a car at the end of its lease period.
Depreciates
A fall in value.
Money factor
A payment similar to an interest rate paid while leasing a car. To approximate the equibalent annnual interest rate, multiply the money factor by 2,400.
Credit report
A record of all the credit card accounts and loans you have, the balances, and whether your bills are paid on time.
