1

Intermediate goals are usually achieved within the next year or so.

True or False

2

As borrowing by consumers and businesses increases, interest rates are likely to decrease.

True or False

3

Increased consumer saving and investing is likely to be accompanied by

Multiple Choice

• Lower union wages

• Higher interest rates

• Lower production costs

• Lower interest rates

• Higher inflation

4

If I can invest a dollar today and earn interest on it, then it should be worth _________ in the future.

Multiple Choice

• Less

• The same as

• More

• Either less or the same as

• Either the same as or more

5

Retirement planning includes thinking about your housing situation, recreational activities, and possible volunteer or part-time work.

True or False

TrueFalse

6

The 'borrowing' component in a financial plan relates to

Multiple Choice

• Acquiring adequate insurance coverage

• Investing for long-term growth

• Setting up a budget

• Obtaining financial resources from employment, investments or ownership

• Maintaining control over credit-buying habits

7

_________ goals relate to infrequently purchased, expensive tangible items.

Multiple Choice

• Short-term

• Intangible-purchase

• Durable-product

• Consumable-products

• Intermediate

8

Personal opportunity costs refer to resources, such as time, health, and energy, that are given up when a choice is made.

True or False