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5 Written Questions

5 Multiple Choice Questions

  1. 1. consumer prices
    2. consumer spending
    3. interest reast
  2. 1.S
    2. G
    3. I
    4. E
    5. A
    6. R
  3. -review and revise you plan;
    1. make to sure asses regularly at least once a year
  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. the time frame in which you want to achieve you goals
    2. the financial need that drives you goals

4 True/False Questions

  1. What is step 3 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


  2. What are the types of time goals?1. short,intermediate, and long; s and i must coordinate with l


  3. What are some goals for different financial needs?-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. What is step 2 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


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