FINC321 Final Exam Latest/ FINC321 Final Exam Latest

1. Personal Financial Planning is a…

Life-Long Process

Only necessary for the wealthy

What you do before retiring

2. The process of Financial Planning is…

Define goals, identify choices, choosing, redefining goals, assessing the current situation, evaluating choices, identifying new choices, evaluating new choices, choosing, assessing the resulting situation over and over again

Define goals, assessing the current situation, identifying choices, evaluating choices, choosing assessing the resulting situation, redefining goals, identifying new choices, evaluating new choices, choosing, reassessing the resulting situation over and over again

Identify choices, choosing, identifying new choices, assessing the results, assessing current situation, defining goals, evaluating choices, assessing the resulting situation, redefining goals, evaluating new choices, choosing

3. Investors can invest in capital or credit markets by…