vocab review

1. impulse buying – is when you see something and buy it , without giving it any thought or consideration. ex:it could be anything you buy on a impulse. A book, a game, a movie, a TV. my cousin impulse bought a car last year and within a few months he traded it for a different one cause he didn’t like it.
2.service contract – is when you buy electronics or other products that might break.
3. service contract- its something that keeps its value if it is stored rather than used.
4.flat money- objects that have value because the government has determined that they are an acceptable means to pay debts.
ex:Fiat money is money that is unbacked. By that I mean, the central bank doesn’t hold any collateral against the paper currency it issues.
5.green back-a paper currency issued by the union government during the civil war.

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