Which of the following best explains the recent decline in the role of financial intermediaries?
A) Private production and sale of information
B) Government regulation to increase information
C) Improvements in information technology
D) None of the above can explain the recent decline
C
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Using a wiki for a group project will allow members to track the history of changes
Indicate whether the statement is true or false.
If you draft a letter to a prospective client who is interested in purchasing your company's product, your goal is to
A) Impress. B) Inform. C) Follow up. D) Persuade.
Which of the statements below is FALSE regarding interest rates in the United States between 1950-1999?
A) Inflation has varied from a low of 5% to a high of slightly over 13%. B) The average rate for the 3-month U.S. Treasury bill was 5.23%. C) The average rate of inflation was 4.05%. D) The average real interest rate was 1.18%.
Suppose you have just retired, have accumulated many luxury goods over the years, still owe a mortgage on your home, still have unpaid travel expenses on your credit cards, and have helped your adult children financially
Your spouse has recently passed away, and you miss his/her contribution to the household income. Which step in the personal financial planning process have you neglected? A) Develop your financial health. B) Define your financial goals. C) Develop a plan of action. D) Implement your plan. E) Review your progress, reevaluate, and revise your plan.