todlot propes changes in the cost of living are: AM JADVAVIJAN02939 a) Not a factor when preparing a budget Constant from month to month 21 c) Different in various geographic area au d) The same for different locations 8. The first step in the budgeting procesS JA! a) Organizing Sinom9g616M Isinni Isn02199 21 1 b) Setting a financial goals c) Decision making 229 nizud two boy gni1612 (6 d) Evaluation 19191919 od otvoy girl69T (d iboto no fidab to song2 9. What are your options if your annual budget shows that you will have a deficit? a) Either liquidate enough savings and investments or borrow enough to meet the total 25 bonitab i ytiunn S budget shortfall for the year. 6 mooni IsunnA (5 b) . Cut low-priority expenses from the budget. c) Increase your income. nomzovni no mut Isunns na (d d) All of the above. itonglounns nA (5 myslupa lo mson A (b 9. You put your money into 3 percent saving account. After two years you take your money out of the account, only to find that your purchasing power has decreased. This is an example of risk. a) Inflation b) Deflation c) Interest rate d) Marketability 10. Management of is NOT included in the monetary assets management? a) Tangible assets b) Saving account c) Money market account d) Checking account 11. The process of finding present value is frequently called med a) Annualizing b) Compounding c) Discounting d) Leasing o 12. Briefly write the six steps of your financial planning