One Aspect of Financial Planning Is to Make Sure You

question 55

Multiple Choice

One aspect of financial planning is to make sure you maintain adequate insurance coverage for your needs.Which component of financial planning does this deal with?

• A)Borrowing
• B)Spending
• C)Managing risk
• D)Investing
• E)Retirement and estate planning

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Definitions:

Definite Time

Pertains to a specific, clearly defined period or moment at which something is scheduled to occur or be completed.

Revised Article 3

An updated part of the Uniform Commercial Code dealing with negotiable instruments, such as checks.

Payable to Order

Refers to a financial instrument that is made payable to the specific order of a person or an entity.

Consumer Paper

Consumer paper consists of financial documents and instruments that reflect personal indebtedness, such as loans, mortgages, and credit agreements.