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Consumer Advisory Council (CAC) |
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Consumer Advisory Council (CAC)A statutory body established by Congress in 1976. The Council, with 30 members who represent a broad range of consumer and creditor interests, advises the Federal Reserve Board on the exercise of its responsibilities under the Consumer Credit Protection Act and on other matters on which the Board seeks its advice.Consumer Advisory Council (CAC) Similar MatchesConsumer goodsConsumer goodsGoods not used in production but, bought for personal or household use such as food, clothing, and entertainment. Consumer Price IndexConsumer Price IndexThe CPI, as it is called, measures the prices of consumer goods and services and is a measure of the pace of US inflation. The US Department of Labor publishes the CPI every month. Change in consumer surplusChange in consumer surplusThe change in consumer surplus due to a change in market conditions, usually a price change. For a price change, it is measured by the area to the left of the demand curve between the two prices, indicating a gain if price falls and a loss if it rises. Consumer durablesConsumer durablesConsumer products that are expected to last three years or more, such as an automobile or a home appliance. National Foundation for Consumer CreditNational Foundation for Consumer CreditA nonprofit organization that seeks to help consumers who have taken on too much debt by helping them work out payment plans and supplying credit counseling. Further SuggestionsConsumer interestConsumer finance company consumer price index Consumer support estimate Consumer debenture Consumer surplus Consumer price index consumer durables Consumer credit Consumer Credit Protection Act of 1968 Consumer movement |
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