When Using the Needs Approach,several "Special Needs" Should Be Considered

question 39

Multiple Choice

When using the needs approach,several "special needs" should be considered.One special need is money to cover unexpected events,such as major car repairs,dental bills,or home repairs.Money set aside for this purpose is called a(n)

• A)estate clearance fund.
• B)emergency fund.
• C)readjustment period fund.
• D)mortgage redemption fund.

Understand the concept of the real rate of return and its importance in financial analysis.

Be able to identify and calculate the risk premium on various investment types.

Apply concepts of annual coupon and bond pricing in investment return calculations.

Understand the historical significance of Ani in the context of the Silk Roads and its geographical and cultural placement.

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Definitions:

Breach of Contract

Failing to carry out any term in a contract, regardless of it being written or verbal, with no proper legal excuse.

Beneficial Contracts of Service

Beneficial contracts of service are agreements that provide favorable terms or conditions to one or more parties, often relating to employment or services rendered.

Minors

Individuals who are under the legal age of majority, typically considered to be under 18 years old, having restricted rights and responsibilities in legal contexts.

Age of Majority

The legally defined age at which an individual is considered an adult and is responsible for his or her actions and eligible to vote, among other adult rights.