Bank Exams Questions

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Personal financial planning is the process of creating and achieving financial goals.

True statements regarding personal financial planning:

As we age, the number and complexity of the financial decisions that we make increases.

There are two means for achieving financial goals—you either need to increase your savings or reduce spending.

A family's resources are limited.

Brazil is one example of a closed economy in the given options. 

A closed economy is one that has no trade activity with outside economies. A closed economy is self-sufficient, which means no imports come into the country and no exports leave the country. A closed economy's intent is to provide domestic consumers with everything they need from within the country's borders.

Refractive Index of glass with respect to water can be calculated by 

(Refractive Index of glass with respect to air) × (1/Refractive Index of water with respect to air)

We know that,

Refractive Index of glass with respect to air = 4/3

Refractive index of water with respect to air = 3/2

Hence, Refractive Index of glass with respect to water = (4/3) x (2/3) = 8/9.