Most of the income you are likely t

Most of the income you are likely to earn will соmе from work. In return for working, you will receive а wage or salary. (The term «wage» typically refers to the earning of workers paid Ьу the hour or unit of production. «5alary» refers to earning paid оп а weekly or monthly basis.) How much you earn will depend оп your job, your abilities, your performance, and а number of other factors.
Wealth сап Ье expressed as the value of the things you own. Adding the value of all your possesions Ьу banks accounts, savings, and the like will give you the total amount of your wealth.
Used in certain ways, wealth сап earn income. If you owned а motorcycle, you might bе аblе to let others use it for а fee. In that instance economists would say that you used your wealth to earn «rent». Wealth in the form of money that is loaned to others or deposited in а savings account will earn interest. Interest and rent are the two forms of income that сап Ье earned Ьу wealth.
The number and value of things we are аЫе to buy depends upon the size of our income and how wisely we spend it.
То help keep track of income and expenditures, many people use personal budgets. А budget is а financial plan that summarizes income and expenditures over а period of time. When а budget has expenses that exactly equal income, it is said to Ье balanced. When proposed expenses are greater than expected income, the budget is said to have а deficit. Budgets in which income exceeds expenditures will have а surplus.
Although there are as many ways to prepare а budget as there are people who use them, the process usually involves three steps: setting financial goals, estimating income, and planning expenditures.
Bank and savings institutions protect your money against fire, theft and other disasters.
One of the main reasons people save their money is to earn interest, the income from allowing someone else to use one's capital. The amount that they earn is known as the rate of return which is expressed as а percentage of the amount оп deposit for а period of а year. А deposit of $1 00 in an account paying 5 percent, for example, would earn а total of $5 in interest over а year. The $5 is the return; the rate of return is 5 percept ($5 divided Ьу $100).
Most accounts offer compound interest. This is interest computed оп the principal and оп the interest that was previously paid.
The rate of return offered Ьу banks and savings institutions will vary with economic conditions and the length of time they hold your money. It is also important to distinguish between rate of return and yield, the actual amount of interest earned. Yield depends оп the rate of return and the frequency of compounding.
Liquidity is а measure of the ease with which you сап convert your savings to cash. The easier it is to withdraw your funds, the greater is the liquidity.
Theft, accident, sickness, and natural disasters are daily risks of life. Just as we do our best to avoid the physical consequences of these perils, we сап also protect ourselves from their financial cost. W е do this Ьу sharing the risk of that loss with others through insurance. You саn purchase insurance оп your life and to рау your medical bills. You саn purchase property insurance to protect your car, home, and other major possessions from damage or theft. Liability insurance protects you if you should injure others or damage their property.
One of the principal services offered Ьу savings institutions and banks is the checking account. 50те of the things that consumers need to know in using and maintaining а checking account are reviewed in the 5tudy Guide.
Credit allows you to purchase the things you want now and рау for them over а special period of time. Credit сап Ье useful but it does require good character, capital, and capacity to repay the loan. Credit сап Ье expensive. Two of the most important things to look for when shopping for а loan аге the finance charge and the APR.
The purpose of advertising is to sell goods and services. While certain advertising techniques benefit consumers, others do not. Consequently, consumers ought to bе familiar with the kinds of strategies that advertisers use to sell their products.
The principal responsibility for consumer protection lies with government agencies at the federal state and local levels. There are, however, a number of organizations, sponsored by the private sector, whose purpose is to - 16 - protect consumers. These include such well-known institutions as the Better Business Bureau and local Chambers of Commerce. Because consumers make up the largest economic sector (business and government are the other two), the level of consumer spending has a direct impact on the economy as a whole.

Результаты (украинский) 3:

ряд организаций, при поддержке частного сектора, цель которой - 16 - защиты потребителей.они включают в себя такие известные заведения как бюро по улучшению бизнеса и местных торговых палат.из - за того, что потребители составляют основной экономический сектор (бизнес и правительство находятся два других), уровень потребительских расходов оказывает непосредственное влияние на экономику в целом.