Questions from Personal Finance


Q: What is cash flow planning?

What is cash flow planning?

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Q: Melinda thought about going to a dealership two hours from her location

Melinda thought about going to a dealership two hours from her location to buy a new car. She was told she might be able to save $2,000 over purchasing it locally. She decided against it. What are pos...

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Q: Paulette, a trial attorney for a corporation, was forced to

Paulette, a trial attorney for a corporation, was forced to leave the field due to an injury to her vocal cords. She switched careers and became a lower-paying author. Fortunately, she had three disab...

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Q: How does satisficing compare with classical economic goals? Illustrate.

How does satisficing compare with classical economic goals? Illustrate.

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Q: Why do some people have difficulty saving?

Why do some people have difficulty saving?

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Q: Do you believe loss aversion is practiced widely? Justify your answer

Do you believe loss aversion is practiced widely? Justify your answer.

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Q: Some people say that money is the only goal that counts,

Some people say that money is the only goal that counts, while others indicate that once living costs are covered, it hardly matters at all. Indicate which statement you believe to be more accurate. J...

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Q: What are the reasons that a financial plan is important?

What are the reasons that a financial plan is important?

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Q: Why is periodic review important?

Why is periodic review important?

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Q: Why is a household’s similarity with a business important?

Why is a household’s similarity with a business important?

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