6.Explain the concept of "open credit." 7.Develop a rationale for a family to use when deciding whether to pool their money or to keep it separate. 8.How can people protect themselves from mild...

6.Explain the concept of "open credit."

7.Develop a rationale for a family to use when deciding whether to pool their money or to keep it separate.

8.How can people protect themselves from mild recessions?

9.What is the relationship between inflation and recession?

10.John and Jessica have been married for seven years and have two small children. John has a good job and his income has allowed Jessica to stay at home with the children. Recently, they have been considering taking out a life insurance policy on John. Advise John and Jessica about the type of life insurance policy that would be best given their circumstances.