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Analyzing your current financial position is a part of which step of the financial planning process: Multiple Choice Step 1, Determine current financial situation Step 2, Develop financial goals Step 3, Identify alternative courses of action (0) Step 4, Evaluate alternatives Step 5, Create and implement the action plan # A 20 Neyt Attempts to increase financial resources are part of the component of financial planning. Multiple Choice planning obtaining saving sharing protecting 10 15 of 30 Opportunity costs may be viewed only in terms of financial resources. True or False True False The main goal of personal financial planning is managing your money to: Multiple Choice save and invest for future needs. reduce a person's tax liability. achieve personal economic satisfaction. spend to achieve financial objectives. save, spend, and borrow based on current needs. HE The risk premium you receive as a saver is based: Multiple Choice on your credit rating on the amount of money you are borrowing. only on the uncertainty associated with getting your money back. O only on the expected rate of inflation. in part on the uncertainty associated with getting your money back and the expected rate of inflation. Prey 17 of 30 Next > 13