The Historical Timeline for Personal Financial Planning in the United

question 7

Multiple Choice

The historical timeline for personal financial planning in the United States began in

• A)1940.
• B)1969.
• C)1981.
• D)2014.

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Definitions:

GATT

General Agreement on Tariffs and Trade, a multilateral agreement aimed at reducing trade barriers and promoting international trade.

International Trade

The exchange of goods, services, and capital between countries and territories, driven by the principle of comparative advantage.

Joseph Stiglitz

An American economist and a professor at Columbia University, known for his work on income distribution, risk, and globalization. He is a recipient of the Nobel Memorial Prize in Economic Sciences.

Nobel Prize

International awards given annually in several categories (e.g., peace, literature, physics) to recognize significant contributions or achievements.