Unit Nine: Critical Consumerism Review

The belief that it is good for a society or an individual person to buy and use a large quantity of goods and services.

This pays back relatively high interest rates, requires a minimum balance, and offers immediate access to money.

These plans are often sponsored by your employer, offering a matching contribution.

Which type of retirement plan is being described: This plan is self-sponsored and is funded with after-taxed money. Because of this you will not have to pay taxes when you withdraw your funds. Very beneficial if you believe you will be in a higher tax bracket at retirement. Generally it is not intended for high income earners.

A retirement account that is employer-maintained to give you a payout when you retire.

A certificate that promises to repay the money loaned, plus interest, on a certain date.

Type of investment where money is easily accessed. Interest yield is relatively low.

These are groups of stocks, bonds, and other investments managed by an investment firm. Because of this your holdings are diversified and monitored by professionals.

Which best explains the key difference(s) between a pyramid scheme and a Multi-Level Marketing (MLM) operation?

Reciprocity is defined as: