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Match each term with its correct definition.

  • Question 10c of 25 - Vocabulary

  • Maximum Attempts: 1
  • Question Type: Multiple Choice
  • Maximum Score: 2
  • Question: Match each term with its correct definition.
  • Answers:
  1. Financial planning. A strategy to save for financial goals.
  2. Opportunity cost. The best alternative given up when making a certain decision.
  3. Risk aversion. Reluctance for taking chances.
  4. Utility. Personal satisfaction gained from consumption.

The correct answer is: Financial planning : A strategy to save for financial goals; Opportunity cost : The best alternative given up when making a certain decision; Risk aversion : Reluctance for taking chances; Utility : Personal satisfaction gained from consumption.

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