A Plan for ________ Is Needed to Determine How Much

question 43

Multiple Choice

A plan for ________ is needed to determine how much you could afford to borrow,the length of the loan,and to select a loan that charges competitive interest rates.

• A)buying
• B)financing
• C)spending
• D)saving

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Definitions:

GATT

The General Agreement on Tariffs and Trade, an international trade treaty designed to boost economic recovery after World War II by reducing or eliminating trade barriers such as tariffs and quotas.

International Trade

The exchange of goods and services between countries.

Trade Balance

The difference between the monetary value of a nation's exports and imports over a certain timeframe.

Free Markets

Economic systems in which the prices for goods and services are determined by the open market and consumers, in which the laws and forces of supply and demand are free from any intervention by a government, price-setting monopoly, or other authority.