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1. External data collected in phase 2 of the financial planning process includes all of the following except:
A. Expected rate of increases in the prices of education and medical care.
B. Education goals of the family.
C. Information about the business cycle.
D. Current and prospective interest rates.
2. Which step in the financial planning process comes before monitoring?
A. Implementing the plan.
B. Gathering data.
C. Analyzing the client’s financial status.
D. Presenting the plan.
Why is it common to speak about the Fed controlling interest rates, as if it controlled all of them?
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Lester earned a total of $282.15 in interest even though the interest rate on the account remained constant.
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