Franklin Is Planning for a Purchase of a Vehicle in Two

question 39

Multiple Choice

Franklin is planning for a purchase of a vehicle in two years. Since he wants to be certain that his funds are safe (insured) , which of the following should he use?

• A) A credit card.
• B) A trust.
• C) A loan.
• D) A savings account.
• E) A home mortgage.

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Definitions:

Bounded Rationality

A concept in decision-making processes that acknowledges the limitations of human cognition, time, and information when making decisions.

Alternative Development

A development approach focusing on alternatives to traditional industrial or economic growth patterns, often emphasizing sustainability and community-based initiatives.

Evaluation

The process of assessing or judging the value, performance, or characteristics of someone or something.

Choice

The act of selecting between two or more possibilities.