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.


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