Principles of Financial Planning Answers

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Which strategies are included in your outline? Check all that apply.

A
needs and wants
B
risk and return
C
budget
D
opportunity cost
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Use what you have learned about wants and needs to complete these statements.

Answers:
Frankie already has a pair of basketball shoes that he can wear for the tryout, which makes the new pair a.:want
If Frankie did not have a pair of basketball shoes for the tryout, the new shoes would be considered a.:need
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want need

A
want
B
need

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