Personal Fiance

Assignment 1: Economic Basics
(24.0 points)
 
1. Describe cardinal examples of key things that financial planning skills can help you do, and explain wherefore these things ar important to you personally. (4-6 sentences. 2.0 points)

Create a budget and pull round and invest cash .Saving money is important to me because when I siret have the money to do what I withdraw to do that is a need I can ceaselessly go to my savings account and pull out what is involve . Budgeting is collecting dont spend unnecessary money .
 
2. List two examples of goods you have purchased in the past or whitethorn purchase in the future. (Complete sentences are not necessary. 0.5 points)

dickens goods I have purchased was a ipad and a iphone .
 
3. List two examples of operate you have purchased in the past or may purchase in the future. (Complete sentences are not necessary. 0.5 points)

Two services I have done in the past are babysitting and tutoring
 
4. One of the functions of money is as a pedigree of time value. How does swelling affect moneys ability to store value? (3-6 sentences. 2.0 points)

 inflation can decrease the value of money over time.  ostentatiousness is when the value of money goes down, so that you cant get as oft for your money as you could in the past.



If inflation is increasing, which means the value of money is going down, it may make more spirit to invest the money in investments that are likely to ontogeny in value.
 
5. Imagine that you are considering moving to a vernal country and looking for a job there, but you outset deficiency to make sure the country has a dependable economy. Describe at least three sparing factors that you would want to research as evidence of the economys strength or weakness, and explain how each factor would affect your decision to move there. (4-6 sentences. 3.0 points)
 
6.Explain which economic body (market, planned, mixed, or traditional) you think is best for consumers. Describe at least one reason why you think this system is best for...If you want to get a full essay, baseball club it on our website: Orderessay



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