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the evaluation of alternatives. a decision-making process. a dilemma. Question 2. Question : (TCO 1) In financial planning, a major activity component involves the allocation of current resources for spending. evaluation of investment alternatives. evaluation of one's career. selection of insurance coverage. establishment of credit. Question 3. Question : (TCO 1) The Federal Reserve has the responsibility to monitor illegal business activities. approve spending by Congress. set federal income tax rates. maintain an adequate supply of money. maintain a balanced budget for the federal government. Question 4. Question : (TCO 1) Loan risk can increase with _____. constant interest rates a short time to maturity lower consumer prices