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5 Written questions

5 Multiple choice questions

  1. -the global market place
    -competition among domestic and foreign firms
    -balance of exports and imports
    -foreign investments and their role in money supply
    -level of money supply and its effects on interest
  2. -determine current financial situation regarding
    1. income savings, living expenses, and debts
    2. prepare list of current assets and debt balances
    3. match financial goals to current income and planning potential
  3. - identify alternative course of action
    1. consider possible courses of action
    2. creativity is vital success
    3. doing nothing is dangerous
  4. -forces of supply and demand and prices
    -study of how wealth is created and distributed
    -different institutions in the economy
    -federal reserve bank
  5. 1. short,intermediate, and long; s and i must coordinate with l

4 True/False questions

  1. What are some economic condition to consider in financial planning?1. consumer prices
    2. consumer spending
    3. interest reast


  2. What is step 6 of the financial planning process?-review and revise you plan;
    1. make to sure asses regularly at least once a year


  3. Your financial goals can be influence by what 2 things?1. the time frame in which you want to achieve you goals
    2. the financial need that drives you goals


  4. What is step 4 of the financial planning process?-evaluate your alternatives
    1. know that your choice will always have consequences: opportunity cost and trade off
    2. there is always uncertainty in all choice; make sure to gather info from the correct source


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