Create a word document that contains your numbered answers
There is no need to retype the questions. Number your answers to correspond
Opportunity cost refers to
FORMTEXT a. your personal values.
FORMTEXT b. trade-offs when a decision is made.
FORMTEXT c. current economic conditions.
FORMTEXT d. commonly accepted financial goals.
The final step in the financial planning process is to
FORMTEXT a. create a financial plan of action.
FORMTEXT b. develop financial goals.
FORMTEXT c. evaluate and revise your actions.
FORMTEXT d. implement your financial plan.
Financial strategies refer to
FORMTEXT a. the process of predicting your future financial situation.
FORMTEXT b. courses of action to achieve financial goals.
FORMTEXT c. resources an individual has available for investing.
FORMTEXT d. ideas or principles that are considered correct, desirable, or important.
A(n) __________ is a specific plan for spending.
FORMTEXT a. budget
FORMTEXT b. balance sheet
FORMTEXT c. income statement
FORMTEXT d. bank statement
An example of a liquid asset would be
FORMTEXT a. a home.
FORMTEXT b. an automobile.
FORMTEXT c. a checking account.
FORMTEXT d. retirement account.