This exercise uses basic terminology and concepts associated with the personal financial planning process, techniques, and environment. Match the terms on the left with the descriptions on the right. Read each description carefully, and type the letter of the description in the Answer column next to the correct term. These are not necessarily complete definitions, but there is only one possible answer for each term. Term Answer Description Standard of A. This general term describes a professional who provides financial living evaluations and advice and who receives compensation in the form of commissions, fees, or some combination thereof. Business cycle This term is used to characterize the value of a currency by describing the amount of goods and services that can be purchased by a dollar at a given time. Inflation tends to decrease this value. Purchasing C. This is the percentage of each dollar of income, on average, that is wants, rather than saved spent for current nee power This facet of an individual's quality of life refers to his or her level of Inflation D. wealth, physical and psychological comfort, material goods, and necessities. Average E This is the total value of all items owned by an individual or family, propensity to including tangible and intangible assets. consume F. Utility This type of employment compensation is received in a form other than wages, salary, commissions, or other cash payments. Money G. This general term describes the wavelike pattern of rising and falling economic activity, consisting of expansions, peaks, contractions, and troughs Wealth H. This economic term refers to the benefits, in usefulness and/or increased status, that consumption spending brings. Financial planner I. This term describes the medium of exchange used as a measure of the value of financial transactions. J. Employee benefit This phenomenon is measured by the increasing cost over time of goods and services that a typical household might purchase