Becky Graduated with a Master's Degree in Personal Financial Planning

question 57

Multiple Choice

Becky graduated with a master's degree in personal financial planning. After working for 2 years in a small financial planning firm, Becky earns $85,000 annually and saves $5,000 a year after spending on her current needs. What is her average propensity to consume?

• A) 5 percent
• B) 25 percent
• C) 60 percent
• D) 88 percent
• E) 94 percent

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Definitions:

Navigate

The ability to plan and direct a route or course, especially by using instruments or maps, or metaphorically in making one's way through complex situations.

Heights

Measurements of vertical dimension or elevation, or the perceived vertical dimension of an object or place.

Visual Cliff

A research tool used to measure infants' perception of depth and their ability to perceive danger in simulated environments.

Depth Perception

The visual ability to perceive the world in three dimensions (3D) and to judge the distance of objects.