Financial Literacy

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Which of the following are considered to be personal financial statements?

Balance sheet and cash flow statement

Changes in the demand for goods and services are an example of a(n) ____________ influence on the job market.

Economic

Natural abilities that people possess are called:

aptitudes

The first step of the career planning process is to:

assess your interests, abilities, and goals

The problem of bankruptcy is associated with poor decisions in the ______________ component of financial planning.

borrowing

A home file should be used for:

financial records for current needs

A personal balance sheet presents:

items owned and amounts owed

The ability to convert financial resources into usable cash with ease is referred to as

liquidity

Attempts to increase income are part of the ____________ component of financial planning.

obtaining

Opportunity costs refer to:

trade-offs associated with financial decisions


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