To minimize risk, many investors put money into a range of financial _______ such as stocks, bonds, currencies, commodities, and property. / What verbs go with this word?
instruments / Buy, sell, trade, diversify
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15
"Can we come back to your main issue?" Is this phrase polite/direct? What is the possible response?
Polite but firm
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15
How can you ensure your financial plan is likely to stand up to future uncertainties?
By regularly updating it to reflect changes in the economy and your personal life.
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15
"There's a slight chance oil prices could reach $80 a barrel." What probability is it? / What's the opposite of "slight chance"?
10-30% likelihood. / Strong possibility
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trap
No points!
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gold
Win 50 points!
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shark
Other team loses 20 points!
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thief
Give points!
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15
Which instruments do you think are safest for beginners?
๐
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15
Investors tend to think they understand what the market is likely to do next. Is it a fallacy to assume you can predict the market? Why?
๐
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15
Investors are moving their money out of bonds and into stocks as the _______ on government bonds is falling. / What's the opposite of a falling ___?
rate
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baam
Lose 25 points!
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fairy
Take points!
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gift
Win 10 points!
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lifesaver
Give 15 points!
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15
Whatโs a common mistake people make when theyโre โon the point ofโ retirement?
They often underestimate how much savings theyโll need to maintain their lifestyle.
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15
Youโre talking to a potential client and want to elicit their opinion. What would you ask to get their feedback on your proposal?
Example Answer: "Could this work for you? How does that sound?"
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15
Youโre negotiating a contract and need to propose a change. What would you say to suggest a possible solution?
Example Answer: "What if you cut โฆ and in return we extended โฆ?"
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15
How can someone โenvisionโ their future financial goals more clearly?
By setting concrete, measurable goals and regularly reviewing their financial plan.
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15
True/False: "If costs rise without revenue growth, the company loses money." What strategies can prevent this?