ECONOMICS
SAVING AND INVESTING
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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How quickly and easily an asset can be converted into cash
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The amount of savings available
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A measurement of how much a person or household owns once all debts have been paid
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The amount of money needed to pay for the necessities and comforts currently enjoyed
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Detailed explanation-1: -Which of the following best explains why students should learn about personal finance? Learning to manage money at this stage can eliminate financial mistakes and promote huge financial benefits for the future.
Detailed explanation-2: -What two factors are considered in managing liquidity? deciding how much money to retain in liquid form and how much to invest. What factors are considered in managing financing? the size of the loan you can afford to borrow.
Detailed explanation-3: -Why Is Personal Finance Important? Personal finance is a vital part of not only managing your day-to-day financial needs but also planning your financial future. The sooner you get a grip on personal finance, the better your long-term financial prospects will be for things like investing or planning for retirement.
Detailed explanation-4: -Every one of these books can be reduced into three basic principles: Spend less than you earn. Make the money you have work for you. Be prepared for the unexpected.