Personal Finnance Assigment

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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) The first impornt thing that financial planning can help you with is manging your money because it allows you to have a budget and know what you need to spend thing on and what isn't that imporant. The second thing is your career, it helps you in your career simply because it is very useful to know. These two things are very impornt to me because I would like to be very succesful in life, and this is a key to thing to being successful. 2. 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) One thing I may purchase is a house and another thing is a car. 3. List two examples of services you have purchased in the past or may purchase in the future. (Complete sentences are not necessary. 0.5 points) Somone to clean the house and someone to walk my dog. 4. 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 affects money of store value because if it isn't good then it can have many consques and can look bad. 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. 3.0 points) I would want to research the counrtys GDP how there bussniesses are and what there unenmployment rate is. 6. Explain which economic system (market, planned, mixed, or traditional) you think is best for consumers.

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