Part I Fill in the blanks (10 marks) 1. A formalized report that summarizes your current financial situation, analyzes your financial needs, and recommends a direction for your financial activities is risk refers to the danger of lost buying power during times of rising prices. 3. Who is most likely to benefit by inflation? 4 The potential for difficulty to convert an investment to cash is referred to as risk 5. The stages that an individual goes through based on stages in the family and financial needs is called the