Which of the following is an example of opportunity cost?
A) Renting an apartment near school
B) Saving money instead of taking a vacation
C) Setting aside money for paying income tax
D) Purchasing automobile insurance
E) Using a personal computer for financial planning
Correct Answer:
Verified
Q43: The amount of interest is determined by
Q44: The uncertainty associated with every decision is
Q45: If inflation is increasing at 4 percent
Q46: The time value of money refers to:
A)opportunity
Q47: An example of a personal opportunity cost
Q49: William Davis has a goal of "saving
Q50: As Olivia Wilson plans to set aside
Q51: Future value calculations involve:
A)discounting.
B)add-on interest.
C)compounding.
D)simple interest.
E)an annuity.
Q52: _ goals relate to personal relationships,health,and education.
A)Durable-product
B)Short-term
C)Consumable-product
D)Intangible-purchase
E)Intermediate
Q53: The first step of the financial planning
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