ECONOMICS
MONEY MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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power of persuasion in creating demand
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influence on consumer discipline
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failure to reach parents
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focus on discouraging demand for products
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Detailed explanation-1: -Jane saw a breakfast cereal being advertised on TV and insisted that her mother purchase this cereal. This is an example of advertising’s: power of persuasion in creating demand.
Detailed explanation-2: -"Pay off $5, 000 in credit card debt in two years” is a meaningful financial goal because it states the action in specific terms (pay off $5, 000 in credit card debt) and sets a target date or deadline (in two years).
Detailed explanation-3: -Try a zero-sum budget The trick is to treat your savings goals as expenses. For example, your “expenses” may include saving for an emergency, vacation or homeownership. “There are several strategies you can use to budget with an irregular income, but one of the easiest ones is the zero-sum budget.”
Detailed explanation-4: -Which of the following careers would be a possible choice for someone interested in money and finance? Banker, Certified Financial Planner, Stock broker, accountant, etc.
Detailed explanation-5: -Fixed expenses generally cost the same amount each month (such as rent, mortgage payments, or car payments), while variable expenses change from month to month (dining out, medical expenses, groceries, or anything you buy from a store).