If you have a financial professional advising you on investments, it is not necessary to do your own research. The first step in creating a cash flow statement is which of the following? A bond indenture is which of the following? T-bills are offered in what monetary increment? Stock market crashes have relatively little effect on the overall economy. The term “personal finance” refers to how you manage your money and plan for your future. An economy where more money is being collected than is being allocated or spent is known as what type of economic stance? Taxes are used for which of the following? In the United States, federal taxes and returns are due each year on May 15th. They create jobs, they allow companies to generate income, they allow individuals to invest money and create more money, or all of the above. If you are trying to establish credit history, what is a good place to start? Personal finance, corporate finance, and public finance all fall under the umbrella of this broad term. Tariffs are used to encourage global trade between two countries. Privately owned businesses, profits, a market economy, or all of the above. True or False: Financial goals must be reexamined periodically and adjusted to accommodate changes in your life. Once you have a plan, you shouldn't need to revise it. What is an example of personal information that an identity thief would look for? As we age, the number and complexity of the financial decisions that we make increases. Those who pay off their credit balances in full each month and avoid the finance and interest charges are known as convenience users. ncial institution- financial instrument- financial planning-financial ratio and analysis-Financia ratio- sources and uses short term and long term funds-Time and value of money ... which statement is NOT true about rational Numbers? Experts recommend that you only use insurance if the item is worth more than $100,000. A share of ownership in a company is known as which of the following? Credit unions are non-profit organizations, In the US, only five states currently charge sales tax on purchases. If someone dies without a will, who handles the distribution of the person's estate? Which of the following is not a characteristic of market economies? Individuals have little effect on the overall health of the economy. Only individuals that make over $50,000 per year should worry about creating a cash flow statement. Consumer credit has very few advantages and is best avoided at all times. Preferred stocks share characteristics with which of the following? What is true about payments with closed-end credit? One of the first steps that you can take is to place a fraud alert on your credit reports from Equifax, Experian, and TransUnion. In a pure market economy, the government controls most actions. An economy where more money is being collected than is being allocated or spent is known as what type of economic stance? Personal financial planning is the process of creating and achieving financial goals. What type of budget involves placing money into envelopes? What is a common mistake made in budgeting? What might be a consideration in deciding where to buy something. Financial planning is all about getting organized to achieve these larger-than-life goals. Speculative investments are high-risk investments with the possibility of high returns in a short period of time. But as simple as this sounds, many people find that implementation is the most difficult step in financial planning… Airline tickets, a house, a sweater, or patio furniture. States began collecting federal income tax is the end of the following use insurance the... 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