THE PSYCHOLOGY OF EMOTIONS
THEORY OF EMOTION
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
|
approach-avoidance
|
|
approach-approach
|
|
avoidance-avoidance
|
|
incentive-motive
|
|
Motive-incentive
|
Detailed explanation-1: -20% of your income goes to savings The remaining 20% goes to your future self, including retirement funds and saving for major purchases, such as a home or car. “For a lot of folks that can be difficult to get to, ‘’ Krawcheck says, “so start with 1%.” Then, aim to gradually increase that amount over time.
Detailed explanation-2: -Answer and Explanation: While preparing a financial plan, if the fund is not allocated for emergencies, savings will be missing from the financial plan because emergency funds will be taken from savings when no emergency fund is maintained.
Detailed explanation-3: -Interest rates. Higher interest rates mean that households will gain a higher rate of return on depositing savings in a bank. Income levels/Economic growth. Income distribution. Wealth. Confidence. Demographics/Age distribution. Unexpected events. Inflation. More items •06-Jan-2021
Detailed explanation-4: -Do not take any impulsive action. Consider taking professional help for emotional support. Assess the situation impartially. Cut back on your expenses for some time. Increase sources of income. Take measures to avoid similar losses in future. Take a Personal Loan. 05-Sept-2022