Glossary words 91 - 100

Question 1

An agreement to purchase fuel at a price predetermined price for a specific future time period

Answer 1

Fuel hedging

Question 2

Statistical data relating to the population such as an average and income

Answer 2

Demographics

Question 3

The generation of people born between 1946-1964

Answer 3

Baby boomers

Question 4

Older people with substantial disposable income

Answer 4

Grey market

Question 5

A family containing multiple generations such as children, parents, grandparents

Answer 5

Multi-generational

Question 6

Set of laws made official by Parliament

Answer 6

Legislation

Question 7

The process of removing legal restrictions on the operation of an industry to allow greater competition

Answer 7

Deregulation

Question 8

The amount of money that one currency is worth in another currency

Answer 8

Exchange rate

Question 9

A measure of the economic transactions between the UK and the rest of the world, showing the difference between exports and imports

Answer 9

Balance of payments

Question 10

Air Passenger Duty (Tax)

Answer 10

APD