Topics: Economics, Microsoft Word, Money Pages: 3 (714 words) Published: August 26, 2013

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Assignment 1: Economic Basics
(24.0 points)
1. Describe two examples of important things that financial planning skills can help you do, and explain why these things are important to you personally. (4-6 sentences. 2.0 points)  Financial planning skills can help you acquire more in term of finance and can also help you secure what you have. When you have skill to plan, you are aware of how to manage your account hence adding on your profit. Securing what you have is important as it ensures that you do not go broke or loose everything which is important to me because you wanna be set and good to go with no problems 2. List two examples of goods you have purchased in the past or may purchase in the future. (Complete sentences are not necessary. 0.5 points)  I may purchise a vehicle in the future and groceries

3. List two examples of services you have purchased in the past or may purchase in the future. (Complete sentences are not necessary. 0.5 points)  state farm insurance. Membership at gym
4. One of the functions of money is as a store of value. How does inflation...
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