DECA Practice Exam with Compete A Grade Solutions

DECA Practice Exam with Compete A Grade Solutions order to get spending under control, a erson should first .... - Answer-Create a budget of current income and expenses. Comparison shopping for a car is necessary because ... - Answer-The price for the car can vary a great deal. Financial planners generally stress the importance of starting to save and invest early because... - Answer-Of the power of compounding and appreciation. An important feature of a good financial goal is that the goal.. - Answer-Has a specific time frame. Purchasing power decreases and it costs more money to buy goods when there is... - Answer-Inflation. What strategy can help a person achieve her goal to buy a house? - Answer-Following a budget that allows for savings. A college student has to live on a tight budget. Before making a decision to buy the newest cell phone, which question should he ask himself first? - Answer-Is this a need or a want? Which of the following quotes is sound financial advice? - Answer-" A penny saved is a penny earned. " Fixed expenses include - Answer-Rent. Mandatory deduction from a persons paycheck include - Answer-Federal withholding tax and FICA. When should a person begin contributing to a retirement plan? - Answer-As young as possible.