What Factor Explains Expanded Financial Planning Services in the 1970s

question 11

Multiple Choice

What factor explains expanded financial planning services in the 1970s?

• A)A middle class with increased discretionary income.
• B)The growing complexity of financial instruments and services.
• C)Personal financial planning developing as a profession.
• D)Magazines and other media that increased awareness of personal finance issues.
• E)All of the above.

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Definitions:

Demand Curves

Graphs that depict the relationship between the price of a product and the quantity of the product that consumers are willing to purchase at that price.

Supply Curves

Graphical representations that show the relationship between the price of a good or service and the quantity of that good or service that suppliers are willing to offer for sale.

Equilibrium Quantity

The quantity of goods or services that is supplied equals the quantity demanded at the market equilibrium price, at which point there is no tendency for the market price to change.

Personal Income Tax

A tax levied on the income of individuals, which can vary based on income levels and types of income.