Get Started
1408

Q: What is true about personal financial planning?

  • 1
    Personal financial planning is the process of creating and achieving financial goals
  • 2
    Our financial decisions decrease once we reach adulthood
  • 3
    A family's resources are unlimited
  • 4
    There are two means for achieving financial goals—you either need to increase your spending or reduce savings
  • Show Answer
  • Workspace

Answer : 1. "Personal financial planning is the process of creating and achieving financial goals"
Explanation :

Answer: A) Personal financial planning is the process of creating and achieving financial goals Explanation: 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.

Previous Next
IIT JEE Bank Exams CAT

The Most Comprehensive Exam Preparation Platform

Get the Examsbook Prep App Today