G7 Term 1 CES module 1.3 key point 1-2 (matching)

Consumption = Using money to purchase goods and services Savings = Setting aside money for future use Investment = Allocating money with the expectation of generating a return Donations = Giving money to support a cause or charity

Principal = The initial amount borrowed Interest = The cost of borrowing expressed as a percentage Borrowing period = The duration over which the loan is repaid Cost of borrowing = Total amount repayable including interest

Needs = Essential items required for survival Wants = Non-essential items desired for comfort or pleasure Choices = Decisions made based on prioritization Budget = A plan for managing income and expenses

<p>Consumption = Spending money on goods and services Saving = Setting aside a portion of income for future spending Investment = Putting money into investment tools Donation = Contributing money to charities or people in need</p> Signup and view all the answers

<p>Principal = The amount of money a lender lends to a borrower Interest = The return that the lender receives from the borrower Borrowing period = The duration for which the money is borrowed Default = Failure to repay the borrowed amount on time</p> Signup and view all the answers

<p>Higher risk = Potential for higher returns Lower risk = Stability with lower potential returns Investment fraud = Deception for financial gain Market volatility = Fluctuations in investment prices</p> Signup and view all the answers

<p>Things we need = Items necessary for basic living Things we want = Items not necessary for daily living Rational consumption = Buying necessary items first Overspending = Buying items without enough funds</p> Signup and view all the answers

<p>Deposits = Safekeeping money in financial institutions Loans = Borrowing money from financial institutions Insurance = Protection against financial loss Investment = Allocating funds to generate returns</p> Signup and view all the answers

<p>Income = Total earnings before expenses Savings = Portion of income set aside for future use Expenditure = Income minus Savings Budget surplus = Expenditure less than income</p> Signup and view all the answers

<p>High interest rates = Increased cost of borrowing Potential for default = Risk of failing to repay the loan Collateral requirement = Assets pledged to secure a loan Credit rating impact = Effect on ability to borrow in the future</p> Signup and view all the answers

<p>Online scams = Purchasing from unreliable websites Personal data theft = Sensitive information being accessed by unauthorized parties Product mismatch = Items received not aligning with their online description Overspending = Accumulating debt due to excessive online purchases</p> Signup and view all the answers

<p>Use credible platforms = Shop on well-known and reputable websites Utilize secure payments = Opt for payment methods with fraud protection Protect personal data = Take measures to secure private information Understand return policies = Review the conditions for returning online purchases</p> Signup and view all the answers

<p>Counterfeit goods = Fake items that imitate genuine products Infringing works = Unauthorized use of copyrighted material Intellectual property rights = Legal entitlements that protect creative works Digital piracy = Illegal distribution of copyrighted content online</p> Signup and view all the answers

<p>Understanding cybersecurity = Being aware of potential online threats Enhancing network security = Improving protection against unauthorized access Avoiding legal issues = Being informed to prevent unlawful activities Practicing safe shopping = Employing strategies to minimize risks in purchases</p> Signup and view all the answers

<p>Protection from cyberattacks = Defending against malicious online activities National security safeguard = Ensuring the safety of a country's information systems Individual protection = Securing personal data from breaches Organizational defense = Shielding businesses from data theft and fraud</p> Signup and view all the answers

<p>Bank deposits = Lowest risk and lowest expected return Stocks = Higher expected return and higher risk Bonds = Moderate risk and moderate return Cryptocurrencies = High risk and highly volatile returns</p> Signup and view all the answers

<p>Approaching the victim = Initial contact to introduce the investment Gaining the victim's trust = Building a relationship to ensure compliance Deceiving the victim = Providing false information to manipulate decisions Avoiding detection = Implementing tactics to escape scrutiny</p> Signup and view all the answers

<p>Stay vigilant = Be aware of potential red flags Learn about financial management = Understand investment principles and risks Consult experts = Seek advice from financial professionals Beware of frauds = Recognize common tactics used in scams</p> Signup and view all the answers

<p>Risk = The potential for loss or lower-than-expected returns Return = The gain or profit from an investment Fraud = Deliberate deception for unfair gain Investment vehicle = Any method used to invest money</p> Signup and view all the answers

<p>Approaching the victim = Initiating contact Gaining the victim's trust = Creating a personal connection Deceiving the victim = Conveying false confidence Escaping scrutiny = Covering tracks after the scam</p> Signup and view all the answers

<p>Fraudulent Online Stores = Creating fake social media pages to sell non-existent items Check Fraud Schemes = Using counterfeit checks to impersonate legitimate buyers Phishing Emails = Sending fraudulent emails to steal personal information Fake Online Auctions = Listing items for auction that the seller does not possess</p> Signup and view all the answers

<p>Principal = The interest expressed as a percentage of the principal Accumulated Amount = The sum of the principal and interest Interest Rate = The return a lender receives from the borrower Compound Interest = Interest calculated on the principal and the accumulated interest</p> Signup and view all the answers

<p>Examine social media presence = Look for discrepancies in company location Check page creation date = Determine the age of the social media page Analyze follower count = Assess whether the number of followers is suspiciously high Monitor page name changes = Identify any frequent modifications to the seller's page name</p> Signup and view all the answers

<p>Cash-on-delivery = Allows payment upon receiving the goods in person Prioritize reputable sellers = Reduces chances of encountering fraudsters In-person transactions = Minimizes online payment risks Cyber Defender Application = Helps verify identity and information of buyers or sellers</p> Signup and view all the answers

<p>Dividend = The return for owning a company's stock or share Inflation = A persistent increase in the price level over time Shareholder = A person who owns shares in a company Creditor = A person who lends money or extends credit</p> Signup and view all the answers

<p>Verify available balance = Confirms successful fund transfer Trust bank notifications = Assumes payment is received based solely on updates Seek high-quality checks = Relies on verified check appearance to ensure legitimacy Delay item shipment = Waiting for clear funds to avoid sending items prematurely</p> Signup and view all the answers

<p>Overspending = Consumption exceeds a person's basic needs Affordability = The ability to support expenditures within means Saving = Putting aside money for future use Budgeting = Planning out revenue and expenses</p> Signup and view all the answers

<p>Fraudulent Online Stores = Blocking buyers after receiving payment Check Fraud Schemes = Providing falsified bank receipts Identity Theft = Stealing personal credentials through phishing Fake Product Reviews = Posting fictitious positive reviews to create a false impression</p> Signup and view all the answers

<p>Interest = The borrower's cost of having the money earlier Borrowing Period = The duration of a loan Return = An increase in wealth Risk = The likelihood or uncertainty of loss</p> Signup and view all the answers

<p>Network Infrastructure = The physical and virtual resources that support network services Information Security = Protecting information from unauthorized access and disclosure Operation Security = Processes that protect sensitive information from being accessed Services = Works that provide network and information security</p> Signup and view all the answers

<p>Lower credit scores = Reduced ability to borrow in the future Bankruptcy = Legal status of being unable to pay debts Stress = Mental health issues related to financial troubles Debt collector calls = Aggressive collection attempts by creditors</p> Signup and view all the answers

<p>Savings Deposits = Withdraw any time Time Deposits = Fixed period before withdrawal allowed Relatively low interest = Common for savings deposits Relatively high interest = Typical for time deposits</p> Signup and view all the answers

<p>Is the cause reasonable? = Evaluate the necessity of the loan Are there other options? = Identify alternatives to borrowing Can you handle the risk of late repayment? = Assess your ability to manage debt Is the borrowing amount appropriate? = Ensure the amount aligns with needs</p> Signup and view all the answers

<p>Credit card lending = Revolving credit facility Personal Loan = Unsecured loan for personal use Mortgage = Loan secured by real estate Overdraft = Credit facility tied to a bank account</p> Signup and view all the answers

<p>Life Insurance = Financial support for beneficiaries upon death Medical Insurance = Coverage for health-related expenses Accident Insurance = Compensation for injuries from accidents Home Insurance = Protection for property against damages</p> Signup and view all the answers