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saving
borrowing
lending
protecting
Question 3.3. (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 4.4. (TCO 1) The _____ refers to stages that an individual
goes through based on age,
financial needs, and family situation.
financial planning process
financial cycle
adult life cycle
personal economic cycle
tax planning process
Question 5.5. (TCO 1) The future value of an account in which $2,000
is deposited each year for 5
years, and which earns 4%, is approximately _____ after 5 years.