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1. Describe inflation. (4m) 2. What might happen if people did not have confidence in the banking system? (4m) 3. What is the difference between

1. Describe inflation. (4m)

2. What might happen if people did not have confidence in the banking system? (4m)

3. What is the difference between present value and future value? (4m)

4. Why would it be a good idea to hire a Certified Financial Planner before you retire? (4m)

5. Elaborate on the basics of annuities and payouts. (4m)

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