THE GREAT DEPRESSION 1929 1940
PRESIDENT HERBERT HOOVER AND THE GREAT DEPRESSION
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
Which of the following would MOST contribute to people living beyond their means (living a lifestyle they could not fully afford)?
|
|
Credit
|
|
|
Rich People
|
|
|
Goverment
|
|
|
The Stock Market
|
Explanation:
Detailed explanation-1: -A simple example of opportunity cost is to let us suppose that a person is having Rs. 50000 in his hand and He has the option to keep it with himself at home or deposit in the bank which will generate interest of 4% annually so now the opportunity cost of keeping money at home is Rs. 2000 per year as opposed to Bank.
Detailed explanation-2: -The core areas of managing personal finance include income, spending, savings, investments, and protection. Smart personal finance involves developing strategies that include budgeting, creating an emergency fund, paying off debt, using credit cards wisely, saving for retirement, and much more.
There is 1 question to complete.