Chapter 16, Problem 7AA

To determine

To choose: The term that best completes the given sentence.

Answer to Problem 7AA

The term that best completes the given sentence is core.

Explanation of Solution

Any time people have money in surplus, they want to spend. They just wanted to act or perform while they are investing. They don't want to waste time studying the company and the different approaches for investment. They wanted to make investment decisions without having to do homework.

Most of the people start spending on their retirement for the betterment as with other savings. This is due to the power of return of interest, where the income is reinvested over time along with their investment, and the quicker start putting money away for later, the faster wealth will generate.

Economics Concept Introduction

Introduction: Wealth calculates the value of an individual, group, business or country's owned assets of worth. Wealth is calculated by taking the overall market value of all property held real and intangible properties, subtracting all debts.