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Ch 12: FTCE Social Science: Consumer Decisions & Credit

About This Chapter

Let us help you review consumer decisions and credit in an effective manner. Going through our chapter is an ideal method of quickly getting ready for these types of questions on the FTCE Social Science exam.

FTCE Social Science: Consumer Decisions & Credit - Chapter Summary

When you use the lessons in this chapter, you get to go over financial topics that will be on the exam. Some of these topics include:

  • Consumer theories in economics
  • Consumer preference and choice
  • Influences on consumer buying decisions
  • Types of consumer decisions
  • The consumer market
  • Credit worthiness
  • Variable vs. fixed interest rate loans

In order to correctly answer financial questions on the exam, you need to review the content in this chapter. Our video and text lessons make the reviewing/learning process fun. Gain access to these materials whenever you want by going online. Being armed with this financial knowledge will enable you to perform your best on the exam.

7 Lessons in Chapter 12: FTCE Social Science: Consumer Decisions & Credit
Test your knowledge with a 30-question chapter practice test
Consumer Theories in Economics: Decision Making, Incentives & Preferences

1. Consumer Theories in Economics: Decision Making, Incentives & Preferences

Really, what do we know about consumers? Considering that there are billions around the world, our knowledge is far from perfect. However, economists have a number of ideas and assumptions about consumers that help inform their theories.

Consumer Preferences & Choice in Economics

2. Consumer Preferences & Choice in Economics

Why do consumers choose to purchase certain products or services? In this lesson, you will learn what consumer preference assumptions are and how they affect consumer choice in economics.

Influences on Consumer Buying Decisions: Cultures, Values & More

3. Influences on Consumer Buying Decisions: Cultures, Values & More

External influences are all around us and play a large role in our buying decisions. Watch this video to see how cultures, values and other influences shape our purchases.

Consumer Decisions: Types, Overview

4. Consumer Decisions: Types, Overview

How consumers make decisions is a primary interest to all businesses. In this lesson, you'll learn about different types of consumer decision-making. You'll also have a chance to take a short quiz after the lesson.

What is Consumer Market? - Definition & Example

5. What is Consumer Market? - Definition & Example

Learn what a consumer market is in this lesson. Go over an example of a real consumer market and see how consumers are able to make purchasing and buying decisions within such a market.

Factors That Affect Credit Worthiness

6. Factors That Affect Credit Worthiness

Access to credit to pay for education, a house, a car or other items is an important part of managing personal finances. In this lesson, you'll learn what factors lenders consider when deciding whether to loan someone money and what interest rate they will charge.

Comparing Variable & Fixed Interest Rate Loans

7. Comparing Variable & Fixed Interest Rate Loans

Most people, at some point in their lives, will experience the process of getting a loan - perhaps for a house, car, education or something else. This lesson will describe the difference between the two types of interest rates commonly offered.

Chapter Practice Exam
Test your knowledge of this chapter with a 30 question practice chapter exam.
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Practice Final Exam
Test your knowledge of the entire course with a 50 question practice final exam.
Not Taken

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Other Chapters

Other chapters within the FTCE Social Science 6-12 (037): Practice & Study Guide course

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