ECONOMICS
MONEY MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Affect a person’s life
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Guided by individual values
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Can be made without thinking and may become a habit
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Contribute to an individual’s or family’s well-being
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Detailed explanation-1: -There are three primary dimensions to consider when determining the right amount of risk for your investment portfolio or financial plan: risk tolerance, risk capacity, and risk composure.
Detailed explanation-2: -The 5 Risk Factors The EO articulates five risk factors associated with a proposed transaction: 1) supply chain resilience, 2) US technological leadership, 3) aggregate investment trends, 4) cybersecurity, and 5) US persons’ sensitive data.
Detailed explanation-3: -Several things can influence your financial decisions. Some of the most common factors that influence financial decisions include age, marital status, employment status, and the number of household members. Certain factors influence financial decisions more than others.
Detailed explanation-4: -A financial plan safeguards you against life’s surprises. It includes details about your income, savings, investments, expenditures, debt and insurance. It helps you to pay off any debt and save for a mortgage, an emergency fund, and your retirement.