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Test Bank for Personal Finance, 9th Edition by Arthur J. Keown $29.49   Add to cart
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Test Bank for Personal Finance, 9th Edition by Arthur J. Keown
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Test Bank for Personal Finance: Turning Money Into Wealth 9e 9th Edition by Arthur J. Keown. ISBN-13: 2073 Full Chapters test bank include Multiple Choice Questions with answers (MCQs) and True False. Also includes Short QA,s PART I: FINANCIAL PLANNING The Personal Financial Planning ...

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  • August 26, 2022
  • 639
  • 2022/2023
  • Exam (elaborations)
  • Questions & answers

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Personal Finance: Turning Money Into Wealth, 9e (Keown)
Chapter 1 The Financial Planning Process

1.1 Facing Financial Challenges

1) Once a sound financial plan is in place, there should be no need to ever change it.
Answer: FALSE
Diff: 1
Topic: The Financial Planning Process
AACSB: Analytical Thinking

2) One purpose of financial planning is to help you legally reduce the amount of taxes you have
to pay on your earnings.
Answer: TRUE
Diff: 1
Topic: Financial Planning
AACSB: Analytical Thinking

3) When comparing two different investment opportunities the investor should always choose the
investment that minimizes the total amount of taxes paid.
Answer: FALSE
Diff: 2
Topic: Minimization of Taxes
AACSB: Analytical Thinking

4) Annual public school tuition and fees are three times more expensive than private school
tuition and fees.
Answer: FALSE
Diff: 2
Topic: Financial Challenges
AACSB: Analytical Thinking

5) Being financially secure involves balancing what you earn with
A) your investments.
B) what you spend.
C) your retirement plans.
D) your current level of debt.
Answer: B
Diff: 1
Topic: Financial Planning
AACSB: Analytical Thinking




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