paychecks, alimony, investment income, or scholarships. What advertising technique focuses on the positive and ignores any negative aspects in a product? Every person, family, or household has a unique financial position, and any financial … True Financial is a fee for service financial planning firm. Trusts can be arranged in may ways and can specify exactly how and when the assets pass to the beneficiaries. The rise or fall in the price of an item is an example of which of the following? Laissez-faire situations are characterized by a high degree of governmental involvement. What is true about financial planning? The United States began collecting federal income tax in which year? In fact, without it no enterprise can function efficiently. Which of the following is not a characteristic of market economies? What is true about certificates of deposit? d. Fees or commissions on sales or transfers. What is a strategy for reducing the risk of identity theft? In the US, if someone is unable to file by the tax deadline, they can file an extensions, but any taxes due must still be paid by the deadline to avoid penalties. All individuals in the United States file their taxes under the same status. What is true about personal financial planning? b. This folks is financial planning at its finest. All of the above. Experts recommend that if you have a credit card balance, you keep the balance below what percent of the total credit limit? What is true about the stock market? All financial institutions are equally safe and beneficial to use. What is the main characteristic of a laissez-faire economy? A balanced economy generally has which economic stance? What is a federal and/or state tax on specific goods like gasoline, tires, airfare, and cigarettes? The United States has a regressive tax system. What is the main characteristic of a laissez-faire economy? You should always read the fine print before signing a contract. Competition, economic freedom, government ownership of businesses, or economic incentives. The first step in creating a cash flow statement is which of the following? The phrase laissez-faire means which of the following? Personal financial planning is the process of creating and achieving financial goals. While we talk about the stock market as if it were one big entity, the reality is that there are many stock markets around the world. Individuals have little effect on the overall health of the economy. Financial planning is a broad, generic term that can mean different things to different people. Only individuals that make over $50,000 per year should worry about creating a cash flow statement. Experts recommend that you only use insurance if the item is worth more than $100,000. What is the study of the ways in which money is created and used in society? What might be a consideration in deciding where to buy something. What is one economic principle? c. You should try to leave emotions out of financial decisions. What is a disadvantage of shared decision-making? What is the final step in personal financial planning? They create jobs, they allow companies to generate income, they allow individuals to invest money and create more money, or all of the above. Making financial decisions is fairly rare; most people make only a few during their lifetime. Which form details how much money an employer has withheld for taxes? Credit unions tend to give credit only to whom? Commercial banks are funded through which of the following? In a pure market economy, the government controls most actions. Making financial decisions is fairly rare; most people only make a few during their lifetime. Who would be eligible for a 403(b) account? Smart cards are also known as gift cards. Verbal contracts can never be legally enforced. what is an amount of money multiplied by the interest rate and the amount of time that the money will be earning interest? FINANCIAL PLANNING What is Financial Planning? While the economies of countries like the United States are considered capitalist, they are not pure market economies. c. They remain the same until the credit is paid off. What is true about computer files of financial records? Governments collect money through which of the following? If someone dies without a will (a legal situation known as intestate), the state will step in to handle the distribution of the estate, even if it is not what you may have wanted. Learn vocabulary, terms, and more with flashcards, games, and other study tools. The financial planning professional informs the client about the financial planning process, the services the financial planning professional offers, and the financial planning … Credit unions are non-profit organizations, In the US, only five states currently charge sales tax on purchases. Mutual fund companies are what type of companies? Stock market crashes have relatively little effect on the overall economy. Estimated payments are often used by individuals who are self-employed, have investments, or have other income where employer withholding is not offered. 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? unemployment is an example of which of the following? Capitalism is an example of a planned economy. What is a failure to take reasonable actions to prevent injury or damage? Personal financial planning is the process of managing your money to achieve personal economic satisfaction. What is a sort of auction for stocks in which traders verbally submit their offers? If you receive a phone call and the caller asks for personal information, what should you do? One of the advantages of having a savings account is that the money can be used for emergency purposes, whereas money in bonds, CDs, or investments may not be readily available. Time, money, education, energy, Our financial decisions decrease once we reach adulthood. The New York Stock Exchange is an example of what type of stock market? What type of budget involves placing money into envelopes? She is 35 and owns her own home. a. Individuals play what level of role in the economy? Financial goals should not be considered when creating a budget. Experts recommend that you revisit your financial goals about how often? This gives our clients transparency and reliability in the quality of advice we provide.As a fee for service financial planning firm we don’t … ... Get the Brainly … Which of the following is true regarding financial planning compensation methods? We Case Study Personal Financial Planning Project Budget Brainly specialize in writing dynamic and engaging personal statements and application essays. pawnshops generally offer what type of service? Gasoline or department store credit card. Resources are unlimited, individuals have no rational self interest, resources are limited, the wants of society are limited, The difference between unlimited wants and limited resources affects both individuals and the economy. Individuals who do not pay off their credit card balances each month are known as which of the following? Share characteristics with which families have more resources than other families, there are a amount. In most States within the state the economies of countries like the United States file taxes. Wants and limited resources affects both individuals and the amount of resources with which families more... Employer withholding is not an aspect of capitalism verbally submit their offers financial is reason. 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