List two examples of goods you have purchased in the past or may purchase in the future. (Complete sentences are not necessary. 0.5 points) Shirts and shoes. 3. List two examples of services you have purchased in the past or may purchase in the future.
One of the functions of money is as a store of value. How does inflation affect money's ability to store value? (3-6 sentences. 2.0 points) Inflation can decrease the value of money overtime. Inflation is when the value of money goes down, so you can’t get as much for your money as you could in the past.
Assignment 1: Economic Basics (24.0 points) 1. Describe two examples of important things that financial planning skills can help you do, and explain why these things are important to you personally. (4-6 sentences. 2.0 points) Financial planning skills can help you save money. This is important to me because I tend to spend money when I get it, financial planning skills can help me stop doing that.
Therefor our dollar will not stretch as far as it once did prior inflation. 5. Imagine that you are considering moving to a new country and looking for a job there, but you first want to make sure the country has a strong economy. Describe at least three economic factors that you would want to research as evidence of the economy's strength or weakness, and explain how each factor would affect your decision to move there. (4-6 sentences.
One of the functions of money is as a store of value. How does inflation affect money's ability to store value? (3-6 sentences. 2.0 points) The value of money decreases and you need more money. With inflation the price of products go up.
1. Describe two examples of important things that financial planning skills can help you do, and explain why these things are important to you personally. (4-6 sentences. 2.0 points) Make choices about how to spend money responsibly, plan for retirement. Because, I will need to know how to plan later on in life with my finances.
List two examples of goods you have purchased in the past or may purchase in the future. (Complete sentences are not necessary. 0.5 points) – Two examples of goods that I have purchased are new glasses and a new sweater. 3. List two examples of services you have purchased in the past or may purchase in the future.
One of the functions of money is as a store of value. How does inflation affect money's ability to store value? (3-6 sentences. 2.0 points) Money makes it much easier to measure the value of a commodity and compare it to others. Without money, it would be difficult for consumers to know which producer was offering the best deal on a certain product.
Assignment 1: Economic Basics (24.0 points) 1. Describe two examples of important things that financial planning skills can help you do, and explain why these things are important to you personally. (4-6 sentences. 2.0 points) It can help give you financial security. Also it can help your money grow.
1. What is credit? (0.5 points) The ability of a customer to obtain goods or services before payment, based on the trust that payment will be made in the future. 2. What is a credit score?