Which of the Following Statements About Personal Financial Planning Is

question 23

Multiple Choice

Which of the following statements about personal financial planning is inaccurate?

• A)Personal financial planning is used by people to anticipate and plot their future actions to reach their goals.
• B)Personal financial planning is used to solve a problem or to structure a plan for the future.
• C)Personal financial planning is the analysis and decision-making extension of personal finance.
• D)All of the above statements are accurate.
• E)None of the above statements are accurate.

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Definitions:

Price-fixing

An illegal agreement among competitors to maintain prices at a certain level, preventing the forces of competition from dictating market prices.

Sherman Act

The federal antitrust law of 1890 that makes monopoly and conspiracies to restrain trade criminal offenses.

Federal Energy Regulatory Commission

The Federal Energy Regulatory Commission (FERC) is a U.S. government agency that regulates the interstate transmission of electricity, natural gas, and oil.

U.S. Justice Department

The federal executive department responsible for overseeing the enforcement of federal laws, including antitrust law, civil rights, and criminal law.