Jordan Says That He Wants to Make as Much Money

question 61

Multiple Choice

Jordan says that he wants to make as much money as he can after college so that he can retire at age 45.He plans to "save every dime" that is not needed for his basic living expenses.David says that he wants to earn a decent salary but that he is more interested in using some of his earnings to travel and meet interesting people.Jordan and David have different

• A)ideas about how to spend their time.
• B)goals for their lives.
• C)values about money.
• D)None of these choices are correct.

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Definitions:

Terms

Terms and conditions outlined within a contract or agreement.

Redeemed

The process of exchanging a financial instrument or coupon for its value in money or goods.

Inflation

The speed at which the overall price level of goods and services increases, leading to a decrease in buying power.

Bond

A financial tool that signifies a lending agreement where an investor lends money to a borrower, usually a company or government entity, guaranteeing a fixed return.