The term used to describe the values, attitudes and interests shared
by people in their teens and early 20s.
1 of 22
trading standards
An organisation that will investigate individual cases of bad practice
on behalf of consumers and take steps to resolve the problem
2 of 22
sub prime market
Lending to and borrowing by consumers with untested or poor credit
histories
3 of 22
social inclusion
Ensuring all individuals and groups in society have access to certain
rights
4 of 22
owner occupiers
Those who own their own property outright or have a mortgage
on it
5 of 22
multiculturalism
Taking account of the different cultural needs and expectations of
the various ethnic groups that make up society
6 of 22
monetary policy committee (MPC)
The Bank of England committee responsible for keeping inflation
under control by the manipulation of interest rates
7 of 22
monetary policy
The manipulation of interest rates to maintain low inflation
8 of 22
housing market
The buying and selling of residential property
9 of 22
grey culture
The older section of the population
10 of 22
green technology
Processes and products that are renewable, sustainable or
non-polluting
11 of 22
general data protection regulation
European Union legislation implemented on 25 May 2018. In the UK,
its provisions supersede those of the Data Protection Act 1998 with
the creation of the Data Protection Act 2018
12 of 22
floating exchange rate
Where the value of a currency is determined by the supply of and
demand for that currency
13 of 22
fiscal policy
How the government manages the amount of money it raises in
taxation, the amount it borrows on the financial markets, and the
overall amount it spends
14 of 22
financial inclusion
The delivery of financial services at affordable cost to disadvantaged
segments of society
15 of 22
financial exclusion
The inability to get access to even the most basic financial services
products and services
16 of 22
EU directive
A legislative act of the European Union, which requires member
states to achieve a particular result without dictating the means of
achieving that result
17 of 22
equity loan
A loan secured on a mortgaged property
18 of 22
digital divide
Economic inequality caused by a lack of access to, use of, or
knowledge of internet technology
19 of 22
devaluation
A deliberate reduction in the value of a currency in relation to other
currencies, carried out as part of a government’s economic policy
20 of 22
corporate demand
The amount businesses are spending on the goods and services they
are consuming, funded by their revenue, savings, borrowings and
capital injections from investors
21 of 22
automation
Where a computer takes over a task previously carried out by a
person
22 of 22
Other cards in this set
Card 2
Front
An organisation that will investigate individual cases of bad practice
on behalf of consumers and take steps to resolve the problem
Back
trading standards
Card 3
Front
Lending to and borrowing by consumers with untested or poor credit
histories
Back
Card 4
Front
Ensuring all individuals and groups in society have access to certain
rights
Back
Card 5
Front
Those who own their own property outright or have a mortgage
on it
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