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5 Written questions

5 Multiple choice questions

  1. 1.S
    2. G
    3. I
    4. E
    5. A
    6. R
  2. 1. the time frame in which you want to achieve you goals
    2. the financial need that drives you goals
  3. 1. consumer prices
    2. consumer spending
    3. interest reast
  4. 1. consumer product goals (used up relatively quick)?
    2. durable produce goals (infrequently used)
    3. intangible goals ( health, edu, personal liesure)
  5. -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

4 True/False questions

  1. What are SMART goals?1. short,intermediate, and long; s and i must coordinate with l


  2. 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


  3. What is step 3 of the financial planning process?-develop financial goals
    1. i.d. feelings about money and reasons for those feelings
    2. determine the effect of the economy on your goals and priorities
    3. make sure your goals are you own and specific to your situation


  4. 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


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