1. Describe two examples of important things that financial planning skills can help you do, and explain why these things are important to you personally. (4-6 sentences. 2.0 points)
Create a budget and save and invest money .Saving money is important to me because when I don’t have the money to do what I need to do that is a need I can always go to my savings account and pull out what is needed . Budgeting is collecting don’t spend unnecessary money .
2.List two examples of goods you have purchased in the past or may purchase in the future(Complete sentences are not necessary. 0.5 points)Two goods I have purchased was a pad and a phone .
3.two examples of services you have purchased in the past or may purchase in the future. (Complete sentences are not necessary. 0.5 points) I purchased a hair cut and tutoring
4. One of the functions of money is as a store of value. How does inflation affect money's ability to store value? (3-6 sentences. 2.0 points)
inflation can decrease the value of money over time. Inflation is when the value of money goes down, so that you can't get as much for your money as you could in the past. If inflation is increasing, which means the value of money is going down, it may make more sense to invest the money in investments that are likely to increase in value.
5. Imagine that you are considering moving to a new country and looking for a job there, but you first want to make sure the country has a strong economy. Describe at least three economic factors that you would want to research as evidence of the economy's strength or weakness, and explain how each factor would affect your decision to move there. (4-6 sentences. 3.0 points)
Look at the Gross Domestic Product (GDP). This is the sum of all non-governmental spending. If the GDP has been growing or has been steady over the last 20 or 30 years, then the economy is stable. What has the unemployment rate been over the last 20 years? If the unemployment rate has been 5% or 6%,...