Financial planning is a complex process and should be done with the assistance of a
professional
True
False

Answers

Answer 1

When it comes to financial planning, things can get quite complicated and might need the help of a professional so this is True.

Is a professional needed for financial planning?

Financial planning might sound easy but it can get quite complicated when one thinks about all financial aspects of their lives ranging from tax and legal issues to creditors.

For this reason, it is usually important that the services of a financial expert is sought out.

Find out more on financial planning at https://brainly.com/question/12890843.


Related Questions

Which of the situations is an example of the crowding-out effect on investment as it pertains to macroeconomics?

The government of Walla Walla spent $4.3 billion dollars and collected $2.2 billion dollars in tax revenue.

Candex, an eyeglass frame company, decides to cut the price on all of its frames to $10, which successfully drives out all other firms from the market.

The government deficit is at an all-time high in the United States. As such, people begin to save more money in fear that taxes will increase in the future.

Jack wants to borrow money to create a cowboy-themed inflatable bounce house for kids called "Wild Wild West." However, the government is running a deficit which has increased interest rates so much that Jack can no longer afford to borrow the money.

Answers

Answer:

Jack wants to borrow money to create a cowboy-themed inflatable bounce house for kids called "Wild Wild West." However, the government is running a deficit which has increased interest rates so much that Jack can no longer afford to borrow the money.

Explanation:

Crowding-out is when government borrowing results in higher interest rates and less capital available for private investment.

For example, if the government runs a deficit, it must enter the market for loanable funds as a borrow (demander). Holding all else equal, the increase in demand will result in higher interest rates. Due to the interest rate increase, Jack can no longer afford to borrow the startup money needed to create his bounce house business. The government has crowded Jack out of the market by increasing the demand for loanable funds.

Walla Walla is running a budget deficit, which can lead to crowding out, but there is no evidence that investment has been crowded out. Government deficits may lead to increased taxation to bridge the deficit, and people saving more as a result is an example of Ricardian equivalence. Candex is engaging in predatory pricing.

How did Stalin change the economy of the USSR? Choose three correct answers.

by collectivizing farms
by moving to a more capitalist economy
by moving peasants from farms to cities
by using five-year plans to increase industrialization
by trading with other countries to create a food surplus

Answers

Answer: 1. By collectivizing farms 2. By moving peasants from farms to cities 3. By using Five-year plans to increase industrialization

Which court will hear this case?

U.S. Supreme Court, federal court, or state courts

Lisa has robbed banks in 4 different states. This is a federal crime. She has been arrested.

Answers

Answer:

More specifically, federal courts hear criminal, civil, and bankruptcy cases. And once a case is decided, it can often be appealed.

Explanation:

Identify each statement as either true or false.

- In the United States, banks keep the entire value of all customer deposits in the bank vault to meet customer withdrawals.
- Banks typically loan out a portion of customer deposits.
- Bank runs occur when many customers attempt to withdraw deposits from a bank at the same time and the bank is unable to pay all customer withdrawals.
- The Federal Deposit Insurance Corporation (FDIC) protects bank depositors from bank failure.
- The fractional reserve banking system requires all banks to keep the total value of customer deposits in their vaults to prevent bank runs.

Answers

- False. Banks practice fractional reserve banking in the United States. Under the system, only a small portion of the customers deposits is held back to meet customer withdrawals. (The deposits are given as the loan)

- True. Banks earn profit by loaning out a large portion of customer deposits and collecting interest on these loans. (The deposit portion excluding the reserves are given as loans)

- True. Bank runs occur when many customers try to withdraw money from a bank at the same time and the bank is unable to meet all customer requests. The bank cannot honor all of the requests because it has loaned out of portion of the customers deposits. (The bank runs is a situation where all the depositors take out money from the banks)

- True. The FDIC insurance customer deposits to prevent bank runs and instill customer confidence in the banking industry. (It will protect depositors from bank failure)

- False. The fractional reserve banking system requires that only a portion of customer deposits is held back to meet withdrawals. (It is a fraction of deposits)

Look at the image illustrating a topic from the Cold War. Then answer the question that follows.

What does this image illustrate?

Answers

Answer:

Its shows countries involved in the cold war

Explanation

In many countries, one of the roles of the central bank is to provide loans to distressed financial institutions. What is the term for this?
- liquidity resource
- source of ultimate credit
- provider of fiduciary insurance
- lender of last resort
- bailout bank

Another potential role of central banks is to foster confidence in the banking system by making sure that people can retrieve their money even if a bank goes bankrupt. What is the term for this?
- banking promise
- deposit guarantee
- financially distressed institution clause
- deposit insurance

Answers

(1) Providing loans to distressed financial institutions is called: Lender of last resort

A lender of last resort is a lender that provides loans (usually short‑term) to banks in times of financial distress or crisis.

(2) Role of central bank in ensuring people can retrieve money from bankrupt bank is called: Deposit Insurance

Deposit insurance is an insurance system that protects depositors so that they do not lose their money if a bank fails.

Place the fiscal policy timing lags in order from earliest to latest. Not all lags will be used.

Answers

Answer:

1. information lag

2. recognition lag

3. decision lag

4. implementation lag

Explanation:

Using fiscal policy to aid the economy in achieving full employment, stable prices, and persistent economic growth can be difficult due to several lags associated with its implementation.

First, economic data must be gathered, tabulated, and reported (information lag). Second, policymakers must attempt to make certain that the economy is trending in or out of a recession (recognition lag). Third, decisions must be made as to what fiscal policy mechanisms will be used (decision lag). Fourth, the policy must have time to be turned into law and have an actual impact on the economy (implementation lag).

In this question, Keynesian lag, fiscal lag, and presidential lag (three of the item choices) are not actual definable fiscal policy lags.

how can the media address substance abuse through television​

Answers

-associating substance use with that identified peer group.-

For each of the scenarios, please decide whether there will be an increase or decrease in short-run aggregate supply or if there will be no change.

1. Changes in the healthcare market cause employers to pay significantly more for health insurance they provide employees.
2. The price of lumber, a commodity, rises drastically due to the effect of heavy winter weather in the American Northwest, where much of the world's lumber is grown.
3. The production of a new type of blade for their combine harvesters, a tractor used to harvest crops, has allowed wheat farmers, like Herbert, to increase productivity by 40%.

WORD BANK
no change
short-run aggregate supply decreases
short-run aggregate supply increases

Answers

Answer:

1) short-run aggregate supply decreases

2) short-run aggregate supply decreases

3) short-run aggregate supply increases

Explanation:

An increase in the cost of employer provided health insurance means that firms are paying more for each unit of labor they employ. This is an increase in nominal wages (even if employees don't see this increase in their paychecks!). The result is that is it more expensive to produce so short-run aggregate supply will decrease or shift to the left. Similarly, the bad weather in the Northwest will reduce the availability of lumber and increase the price, making lumber more expensive at any amount. Because lumber is used extensively as an input into the production function, this too will result in a decrease in short-run aggregate supply.

In comparison, a rise in productivity will result in an increase in short-run aggregate supply. Because of the new technology, it now becomes cheaper for Herbert, and the other farmers like him, to produce at any quantity, and so they increase production. Such a shift occurs over the entire economy and will shift the short-run aggregate supply curve to the right.

Boston, Massachusetts __°F

Answers

Answer:

I think I can’t see it

Explanation:

43

positive and negative impacts of population growth? at least 5 positive and negative impacts.

Answers

Answer:

A

Explanation:

Because I said so the answer is A

Why are persistent budget deficits worrisome?

Deficits can lead to private investment spending being crowded out.

Debt places an increased burden on the economy in the future.

The likelihood of default increases.

All of the above.

Answers

Answer:

All of the above

Explanation:

Deficit in the budget situation where government expenditures are more than government receipts.

Following are the implications of budget deficit

1. It may result in debt trap. As a result the chances of default may increase.

2. It may cause inflationary situation in the economy

3. It increases our future obligations.

4. Deficit in the government budget may result in crowding out effect. It is a situation when interest rate in the economy Increase and private investment spending reduces. It dampens the initial Increase of total investment spending.

Budget deficits occur when government spending exceeds tax revenue. Over an extended period of time, budget deficits can be problematic.

For one thing, budget deficits can lead to crowding out, where increases in government spending lead to corresponding decreases in private investment spending.

Deficits are typically financed with borrowed money. This implies that deficits, in the current time period, increase costs that must be paid in future time periods. Hence, increasing the burden on the economy in the future.

Persistent budget deficits also increase the probability of a nation not being able to repay their debts, which is called default.

Consequently, all of the items here are concerns associated with persistent budget deficits.

How does games and sports make good relationship among the countries​

Answers

Answer:

I helps to get a long with the people

Explanation:

Which of the statements best describes the monetary rule, as proposed by the economist Milton Friedman?

Inflation is kept in check in the long run by keeping the growth of M1 and M2 on a steady path.

Inflation is kept in check by directly manipulating interest rates to decrease bond prices.

An acceptable rate of unemployment is targeted and the money supply is adjusted accordingly.

Inflation is kept in check by increasing the growth of M1 and decreasing the growth of M2 in equal amounts.

Answers

Answer:

A. Inflation is kept in check in the long run by keeping the growth of M1 and M2 on a steady path

Explanation:

Friedman's k-percent rule, where the money supply would be automatically increased by a fixed percentage per year. He stated that money supply should be in a steady rate in check of inflation for better economic performance.He maintained that there is a close and stable association between inflation and the money supply, mainly that inflation could be avoided with proper regulation of the monetary base's growth rate.

As originally proposed by the economist Milton Friedman, the monetary rule is a guideline for policymakers to maintain a reasonable amount of annual inflation. It is primarily accomplished by maintaining the growth rates of M1 and M2 on a steady path, in accordance with the equation of exchange.

Answer:

inflation is kept in check in the long run by keeping the growth of M1 and M2 on a steady path

Explanation:

in the events leading up to the civil war how did cotton trade affect that?

Answers

Answer:

The increased demand, many more slaves were needed to grow cotton and harvest the fields. Slave ownership became a fiery national issue and eventually led to the Civil War

Explanation:

Before the cotton gin, cotton was a troublesome crop. It required a lot of work.

This changed dramatically with the advent of the cotton gin. Suddenly cotton became a lucrative crop and a major export for the South. However, because of this increased demand, many more slaves were needed to grow cotton and harvest the fields. Slave ownership became a fiery national issue and eventually led to the Civil War.

What are the consequences of population growth...?​

Answers

Explanation:

Population growth is a big problem for world nowHigher the population,higher the requirements,higher the industries and hence higher the pollutionIt increases food sacricity through out the world because required food are insufficient.It also hampers economy

What year did West Africans make iron tools

Answers

Answer:

1400 to 1600 B.C.

Explanation:

......................

According to the historians, the easiest way to understand the culture of a group of people is to read their literature, and the easiest way to appreciate the song and dances of a nation is for you to have an
understanding of their literature. Do you agree with the statement? Why? Support your answer with facts.

Answers

Answer:

No, having a first-hand experience is better than actually reading about it. This is for multiple reasons, for one if you immerse yourself in the customs of a people you yourself are learning it then, and there with help from the culture, you are learning of course, this is not present in simply reading about it

Explanation:

Americans over 65 years of age are most active doing what

Answers

Answer:

Well, usually, 65 year olds usually retire, but, some people are strong enough and are willing to keep on doing their day-to-day jobs.

What does Ebadi say about how Iran is coping with modern problems?

Explain what Ebadi means by “not lag behind the caravan of civilization, development and progress?

Answers

Answer:

1.Shirin Ebadi took up the struggle for fundamental human rights and especially the rights of women and children. She took part in the establishment of organizations that placed these issues on the agenda, and wrote books proposing amendments to Iran's succession and divorce laws.

2.Shirin Ebadi, (born June 21, 1947, Hamadan, Iran), Iranian lawyer, writer, and teacher, who received the Nobel Prize for Peace in 2003 for her efforts to promote democracy and human rights, especially those of women and children in Iran. She was the first Muslim woman and the first Iranian to receive the award.

Explanation:

i hope this helped

HURRYThe system of delivery tubes in a plant:
vascular bundle
phloem
xylem
veins

Answers

Answer:Vascular plants have two systems, one with tubes move water up through the plant (Xylem), and one with tubes that move sugar through the plant (Phloem).

Explanation:

Answer:

Vascular bundle. The phloem and xylem are both delivery tubes. Veins are not. The vascular bundle is a bundle of both the phloem and xylem, therefore, the answer is the vascular bundle. Hope this helps! :)

Explanation:

found it on quizlet and I it was right when I turned it in

Suppose the Fed sells $200 billion in government securities, which results in a $2000 billion decrease in the money supply.
In the long run, the decrease in the money supply will cause the price level in the economy to ___(increase / decrease / remain unchanged)___ and real GDP to ___(increase / decrease / remain unchanged)___.

Answers

Answer:

In the long run, the decrease in the money supply will cause the price level in the economy to ___decrease___ and real GDP to ___remain unchanged___.

Explanation:

Decrease in money supply decreases aggregate demand leading to decrease in real GDP. In the long run, nominal wages will fall, leading to increase in aggregate supply. This results in further decrease in price level and increase in real GDP to its initial level.

The sale of government securities by the Fed reduces the level of reserves in the banking system, thus decreasing the money supply. Since people will hold less money than they desire for purchases, their spending will decline. As a result, the price level will fall until the real value, or purchasing power, of the money supply has returned to its initial level, enabling people to again make their desired purchases. This will occur when the price level has fallen proportionately to the decline in the money supply. At the same time, since nothing has happened to affect the economy’s productive capacity—which is determined by the availability of factors of production and technology—a change in the money supply will have no long-run effect on real GDP.

Which country was primarily
responsible for introducing ideas
from China to Japan?


Answers

Answer:

korea

Explanation:

It should be that since the person who introduced Chinese letters to Japan was from one of the korean kingdoms.

Work on some skills using metaphor and choosing words carefully with this fun, challenging exercise. Imagine you live in a world where there are only 10 words you can ever use. You can repeat them as much as you want, but you can’t ever use any other words. Write down the 10 words you’d choose?

Answers

The purpose of the question is to use metaphors and choose 10 most useful words using creativity. Some of the most used words in English are:

TheToAndLoveEatSleepGirlBoyHaveTalkWhat are metaphors?

It is a figure of speech used to establish a non-explicit comparison, that is, using a word with a figurative meaning, without using a conjunction for this purpose.

So in this activity, you can choose the ten words based on their usefulness, your preference, and create metaphors with them through your creativity.

Find out more about metaphors here:

https://brainly.com/question/9418370

Why is it difficult to get medicine to rural areas in Africa?

Answers

Answer:

many south Africans living in rural areas lack access to affordable,quality and comprehensive health care,despite significant government

education of ancient asia

Answers

Answer:Ancient Chinese education began with classic works, namely, the Four Books and the Five Classics (Great Learning, Doctrine of the Mean, Analects, and Mencius; Classic of Poetry, Book of Documents, Book of Rites, I Ching and Spring and Autumn Annals), regarded as cardinal texts that one had to learn, in order to

Explanation:A middle region, Southeast Asia, was influenced by Buddhism and Confucianism, resulting in a unique blended educational experience.

1) What would happen if there were no rocks and minerals?
2) Why is it important to control mining activities?

Answers

Answer: Minerals make up most of what we use to build, manufacture and stand on — including rocks and soil — so if we really ran out of minerals, we'd all be scrambling for a spot on the planet's shrunken surface areas.Across the world, mining contributes to erosion, sinkholes, deforestation, loss of biodiversity, significant use of water resources, dammed rivers and ponded waters, wastewater disposal issues, acid mine drainage and contamination of soil, ground and surface water

Explanation:

What is the ansewe of this test here
Im on wdgenuity !

Answers

Answer:

im sorry, can you elaborate on this?

Explanation: id like to help, but i dont know what you mean

Help Quick! How should Spain and Catalonia resolve the issue of independence for Catalonia? Devise a possible solution to the conflict between Catalonia and Spain. Support your solution with three reasons, using evidence from the lesson. 100 points

Answers

Spain and Catalonia resolve the issue of independence by:

Having a table discussion on the issue.Listen to the request of the Catalonia.Try and resolve the issue by granting their request.

Why does Catalonia want Independence?

The Spain's economy was said to have some major struggles, and as such, the Catalonia feels like they were shouldering a lot of Spain's burdens.

Note that By reliefing the burdens of taxes place on the Catalonia, Spain can handle the issues with them.

Learn more about conflict  from

https://brainly.com/question/24769299

#SPJ1

Stalin encouraged
this man to invade
South Korea

Answers

Answer:

In April 1950, Stalin gave Kim permission to invade the South under the condition that Mao would agree to send reinforcements if needed. Stalin made it clear that Soviet forces would not openly engage in combat, to avoid a direct war with the US.

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