High School Student

In: Business and Management

Submitted By brisalares
Words 1654
Pages 7
Assignment
(24 points)
Assignment 1: Economic Basics
Instructions

Save this file in your course folder, and name it with Assignment, the section number, and your first initial and last name. For example, Jessie Robinson's assignment for Section 1 would be named Assignment1JRobinson.

Type the answers to the assignment questions below. Use complete sentences unless the question says otherwise. You will have more than one day to complete an assignment. At the end of each day, be sure to save your progress.

Review Lesson 4 of the Course Overview for instructions about turning in your assignments.

Assignment Questions

1. Describe two examples of important things that financial planning skills can help you do, and explain why these things are important to you personally. (4-6 sentences. 2.0 points)
Financial planning can help you keep track of your finances. It can teach you how to do that.
Financial planning will teach you how to keep track of your finances so you know your budget and how you can spend your money. It is important because I want to know how to plan my
Budget so I don’t get bankrupt.

2. List two examples of goods you have purchased in the past or may purchase in the future. (Complete sentences are not necessary. 0.5 points)
Two examples of goods I have purchased would be my cellular device and clothing.

3. List two examples of services you have purchased in the past or may purchase in the future. (Complete sentences are not necessary. 0.5 points)
Two examples of services would be Cell phone services and also Internet and Television services.

4. One of the functions of money is as a store of value. How does inflation affect money's ability to store value? (3-6 sentences. 2.0 points)
Inflation would be when the value of a dollar goes down, so you cannot get as many goods or services for your dollar. Also Inflation would be a…...

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