Finn 1003 test 1 morris - Study guides, Class notes & Summaries
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FINN 1003 TEST 1 Morris
- Exam (elaborations) • 22 pages • 2023
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A person making $35,000 and spending $30,800 has an average propensity to consume of 80%. T/F - Answer- FALSE 
 
bc $30,800/$35,000= 88% 
 
Becky graduated with a master's degree in Personal Financial Planning. After working two years in a small financial firm, Becky earns $60,000 annually and saves $10,000 a year. What is her average propensity to consume? - Answer- 83.3 % 
 
bc ($60,000-$10,000)/$60,000= 83.33% 
 
_____ is an important part of the conflict resolution process regarding money m...
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