AnswersPersonal Finance - EL3403Principles of Financial Planning

Principles of Financial Planning Answers

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1
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Paying rent is a , while buying a new video game is a .

A
risk
B
return
C
need
D
want
2
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Paying rent is a , while buying a new video game is a .

A
risk
B
return
C
need
D
want
3

If you buy a new video game, you cannot pay your cell phone bill. This is an example of .

A
setting a short-term goal
B
setting a long-term goal
C
realizing opportunity cost

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