10102116
Description
Flashcards by Kristyn Freed, updated more than 1 year ago
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Created by Kristyn Freed
over 6 years ago
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| Question | Answer |
| average propensity to consume | the percentage of each dollar of income, on average, that is spent for current needs rather than savings |
| standard of living | the necessities, comforts, and luxuries enjoyed or desired by an individual or family |
| personal financial planning | helps define your financial goals and develop appropriate strategies to reach them |
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