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The danger of lost buying power during times of rising prices is referred to as inflation risk. economic risk. personal risk. interest-rate risk. money risk. Question 2.2. (TCO 1) When bankruptcy is experienced, this can be the result of poor decisions in the
_____ component of financial planning.
Question 3.3. (TCO 1) The Federal Reserve has the responsibility to
monitor illegal business activities.
approve spending by Congress.
set federal income tax rates.
maintain an adequate supply of money.
maintain a balanced budget for the federal government.
Question 4.4. (TCO 1) The _____ refers to stages that an individual goes through based on age,
financial needs, and family situation.
financial planning process
adult life cycle
personal economic cycle
tax planning process