- 9.1: Getting a loan to pay off other debts is called .
- 9.2: The is a federal law requiring creditors to resolve disputes in bil...
- 9.3: is a legal procedure to relieve a person who cannot pay debts of th...
- 9.4: A federal law that makes discrimination in the granting or denial o...
- 9.5: The is a federal law giving consumers the right to know what is in ...
- 9.6: In a type of bankruptcy called , the debtor repays part or all of t...
- 9.7: A remedy or action taken to seek aid, such as for the correction of...
- 9.8: A court order called a(n) pardons a debtor from paying debts.
- 9.9: A proceeding in which a creditor may legally take possession of mon...
- 9.10: A(n) is property a debtor is allowed to keep in a bankruptcy procee...
- 9.11: When someone intentionally uses another persons credit card to stea...
- 9.12: A federal law, the , prohibits abusive practices when collecting debt.
- 9.13: A type of bankruptcy called is also known as straight bankruptcy.
- 9.14: When a debtor gets behind in making payments, the account is said t...
- 9.15: Records that can be used to support a claim, also known as , can he...
- 9.16: Borrowing money using the equity in your home as security is gettin...
- 9.17: A fake offer, sale, or other gimmick, called a(n) , is designed to ...
- 9.18: A document that gives a persons credit history and current status w...
- 9.19: The is a federal law that requires that consumers be fully informed...
- 9.20: A legal process a creditor can use to force the sale of mortgaged p...
- 9.21: The process of taking an asset used for collateral, such as a car, ...
Solutions for Chapter 9: Credit Problems and Laws
Full solutions for Personal Financial Literacy | 1st Edition
a visual model of the economy that shows how dollars flow through markets among households and firms
spending by households on goods and services, with the exception of purchases of new housing
the value of everything a seller must give up to produce a good
the property whereby the benefit from an extra unit of an input declines as the quantity of the input increases
a strategy that is best for a player in a game regardless of the strategies chosen by the other players
the study of a company’s accounting statements and future prospects to determine its value
input costs that do not require an outlay of money by the firm
the description of asset prices that rationally reflect all available information
law of supply
the claim that, other things being equal, the quantity supplied of a good rises when the price of the good rises
an economy that allocates resources through the decentralized decisions of many firms and households as they interact in markets for goods and services
a monopoly that arises because a single firm can supply a good or service to an entire market at a smaller cost than could two or more firms
claims that attempt to describe the world as it is
the percentage of the population whose family income falls below an absolute level called the poverty line
a tax for which highincome taxpayers pay a larger fraction of their income than do low-income taxpayers
the tax revenue that the government has left after paying for its spending
a cost that has already been committed and cannot be recovered
a graph of the relationship between the price of a good and the quantity supplied
a government policy that directly influences the quantity of goods and services that a country imports or exports
the costs that parties incur in the process of agreeing to and following through on a bargain
the price of a good that prevails in the world market for that good