Financial Planning Helps Us

question 34

Multiple Choice

Financial planning helps us:

• A)control inflation.
• B)have flexibility to handle job loss.
• C)control unemployment rates.
• D)obtain a social security number.
• E)decrease national debt.

Differentiate between par value and market value of bonds.

Grasp the concepts of present value and how they apply to financial decisions.

Recognize the various types of bonds and their backing securities.

Compare bonds and long-term notes in terms of their dealings with lenders.

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Definitions:

Compensation

A psychological strategy or an organizational policy of providing benefits, often monetary, in exchange for work or to make up for a deficiency or injury.

Minimize

To reduce to the smallest possible amount or degree; to make something appear less important or significant.

Maximize

To increase something to its highest possible value or level.

Professional Activities

Work-related tasks or duties performed by an individual in their career or occupation.