Answer:
spending
Explanation:
At the very basic level of personal finance, you should understand the need for, and value of, a budget. A budget or spending plan is a road map for telling your money what to do each month. At its simplest, a budget lists how much income you have coming in, compared to what's going out each month. Creating a detailed and written budget allows you to make smarter decisions with your finances on a daily basis. When you're faced with spending money on something, a budget requires you to stop and think about the purchase. You realize that by spending money in one area, you won't have to spend or save elsewhere. A budget or spending aspect of financial planning helps you to increase your cash flows by monitoring the spending patterns and nature of expenses. Finance planning which includes careful budgeting and prudent spending would help you in keeping more of the hard-earned cash.
Answer:
The effects of inflation in the U.S. trading partner, will pass through the U.S. economy in the form of exports: since the U.S. imports goods from ABC islands, the higher prices in the ABC islands will make imports from there more expensive, contributing to a small raise in inflation in the overall U.S. economy.
However, exports from ABC Islands are likely to be a small component of U.S. Aggregate demand, so the effect in overall inflation is likely to be small.
Despite this, the fed can step in and raise interest rates by contracting the money supply. This is contractionary monetary policy, and it is used when inflation is rising. It lowers the value of the U.S. dollar in international markets, but it increases output price level.
Answer:
1. Nick can easily determine that the Panaview model has a lower price than the Zony model. - Unit of Account.
One of the three roles money plays is that of Unit of Account. Money is used to measure the values of goods and services accurately, so that their values can be assessed, and more importantly, compared.
2. Nick saved $30 per week. - Store of Value.
Another one of the three roles of money is that of Store of Value. Money is a good that has intrinsic value, and can be amassed to save for the future.
3. Nick pays $140 for the Blu-Ray player. - Medium of Exchange.
The final role that money plays is that of Medium of Exchange. Money is a good that can be used to facilitate exchange among other goods and services because it can be easily stored, it works as a unit of account, it is accepted by many people, and it has some sort of official authority backing it.
Starting in 2012, an important shift occurred in the u.s. trade in petroleum, which was a huge increase in Petroleum.
On an energy content premise, unrefined petroleum addresses the best part of the United States' generally energy imports. Albeit the US kept on being a net shipper of unrefined petroleum in 2012, net imports of the product were at their second-least yearly level starting around 1985. A piece of the imported raw petroleum is handled into oil-based commodities for trade.
U.S. complete oil net imports moved in 2012 in the wake of diminishing practically yearly beginning around 2005, principally because of an expansion in U.S. raw petroleum net imports.
Despite the fact that 2012 saw the greatest generally speaking yearly commodities of oil-based goods on record, trades were lacking to balance imports, and oil-based commodity net imports rose in 2012.
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