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An Elective Savings Program Is When an Individual Cuts Back

question 31

True/False

An elective savings program is when an individual cuts back on spending for one to two months to obtain additional money for investment purposes.


Definitions:

Unpredictable

Having the characteristic of being unable to be foreseen or anticipated due to variability or lack of a discernible pattern.

Unique

Being the only one of its kind; unlike anything else.

Enduring

Pertaining to the ability to withstand stress or adversity over a long period.

Psychodynamics

A psychological theory or approach that emphasizes the systematic study of the psychological forces that underlie human behavior.

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