47 Free Test Bank for PFIN3 3rd Edition by Gitman
47 free test bank for PFIN3 3rd Edition by Gitman multiple choice questions help solidify your understanding of the financial planning process. Here the finance textbook test bank questions are incorporated by difficulty level and intended for your critical thinking development. Moreover, they are friendly designed, so you can enjoy a stress-free and effective practice. Just tick the best answer to each question, and have your results automatically checked and marked by hitting the handy ‘submit’ at the bottom of the page. And for the best result, you’re highly advisable to review all of your answers whether they are correct or incorrect. You can stand an ample chance to strengthen knowledge that way. Best luck!
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As the rate of inflation increases,
The average propensity to consume refers to the
____ tends to increase and then decrease over the life cycle.
A strong economy leads to
The amount of goods and services each dollar buys at a given point in time is:
A primary determinant of your quality of life is
The amount of money we set aside for future consumption will be determined by
Professional financial planners
Financial planning can help us to
The most important financial planning for young people concerns
Businesses provide
What policies can the government utilize to help stabilize the economy?
The term most closely associated with quality of life is
Family financial goals should be
When setting financial goals, one should typically start by setting
The four stages of an economic cycle would not include
Money is
Which of the following goals is stated in a way that is most useful for developing a financial plan?
A personal computer could not be used to
Low interest rates after 2008 and 2009 reflect the Federal Reserve’s desire to
The individual consumer is
Personal financial management is important because it
Sam and Lele are in their late 20s with 3 young children. Their most important financial planning concerns would probably include all of the following except
Becky graduated with a master degree in Personal Financial Planning. After working two years in a small financial planning firm, Becky earns $60,000 annually and saves $10,000 a year. What is her average propensity to consume?
____ is the financial goal most people think is least important.
Investments are distinguished from savings on the basis of
Typically people with the lowest incomes tend to be
Utility refers to