To assess the risk and return involved in a purchase decision, which practical questions should a potential buyer ask? Select three options.What can go wrong?What are my friends buying?How will it affect my social status?What is the likely return?Is the risk worth the return?
What is included in an individual’s personal assets? Select three options.number of dependentsmoneycareerpropertyinvestment
Amanda wants to buy a new car. What questions of financial responsibility should she ask herself before she makes the purchase? Select three options. Do I need this car or should I walk, bike, and take the bus to save money?Is this a reliable vehicle or will I have to make costly repairs?What will my friends think when I buy this car?Will I be able to afford the insurance, gas, maintenance of battery, oil, tires, and also repairs?Will this new car be fast and my favorite color?
Which would be most helpful when considering a large expenditure that might require repeating payments? Select three options.careful consideration of short-term goalsrecording the number of assets you currently owncreating a budget to consider future income and spendinglearning more about different kinds of accounts to manage moneylearning about opportunity cost
Planning to finance higher education helps people prepare for their financial future because it teaches them about
How do short-term financial goals differ from long-term financial goals?
There are four steps in solving one’s personal financial challenges:1. considering opportunity costs2. assessing risks and returns 3. setting short- and long-term goals4. assessing needs and wantsWhich of these is the correct order of these steps?
_____ are items such as utilities, rent, and food—items that one can’t do without.
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