ECONOMICS (CBSE/UGC NET)

ECONOMICS

MONEY MANAGEMENT

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Money management is necessary for ____
A
consumers.
B
businesses.
C
governments.
D
all of these.
Explanation: 

Detailed explanation-1: -Money management is one of the most important parts of your financial life. Knowing how to how to budget, spend and save can help you reach your financial goals, get out of debt, and build your savings.

Detailed explanation-2: -What Is Money Management? Money management refers to the processes of budgeting, saving, investing, spending, or otherwise overseeing the capital usage of an individual or group. The term can also refer more narrowly to investment management and portfolio management.

Detailed explanation-3: -Learning About Financial Management The different aspects of financial management include: budgeting. banking and saving. paying taxes.

Detailed explanation-4: -Budgeting, investing, saving and even spending are all a part of money management.

Detailed explanation-5: -Your Financial Plan Should Be Unique To You. Intelligently Invest For The Long Term. Diversify, Diversify, Diversify. Set Realistic Goals. Plan Professionally For Your Future. 04-Apr-2022

There is 1 question to complete.