Money and Me

4.2 (17 reviews)

Exchange Value

Click the card to flip 👆

1 / 9

Terms in this set (9)

How much you could obtain for an item at a later time

Diminishing Marginal Utility

Decrease in satisfaction or usefulness from having one more of the same product

Financial Values

Unrelated to how much money we actually have, these values reflect what we think or believe about money

Our personal identity (how we see ourselves) and our social identity (how we believe others see us)

The principles that are most important to you in your life

Social Media Influencer

A social media user who has earned credibility with specific groups and who can use their large platform to market a product

Paradox of Value

The apparent contradiction between the high value of a nonessential item and the low value of an essential item

Physical Values

The tangible aspects of life, the external world, our physical health and well-being

Principles that are important to you because of the community in which you live