4. Personal Finance Decisions
GED® Social Studies: Markets, Money & Personal Finance · preview lesson
A budget compares income with expenses. Needs come before wants. Insurance manages risk. Diversification reduces investment risk by spreading money across assets. On GED® finance questions, look for long-term cost, interest rate, risk, and opportunity cost.
References: Federal Reserve: Monetary Policy; U.S. Bureau of Labor Statistics: Consumer Price Index
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