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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
financial cycle
adult life cycle
personal economic cycle
tax planning process
Question 5.5. (TCO 1) The future value of an account in which
$2,000 is deposited each year for 5
years, and which earns 4%, is approximately _____ after 5 years.
$2,000
$2,400
$10,000
$400
$10,800
Question 6.6. (TCO 1) Personal financial planning has a main goal of
reducing a person's tax liability.
saving and investing for future needs.