The Advantages of Personal Financial Planning Include

question 101

Multiple Choice

The advantages of personal financial planning include:

• A)Increased effectiveness in obtaining,using and protecting your financial resources
• B)Increased control of your financial affairs by avoiding excessive debt and bankruptcy
• C)Improved personal relationships resulting from better communicated financial decisions
• D)All of these
• E)None of these

---

Definitions:

Currency Exchange Rate

The value of one currency for the purpose of conversion to another, dictating how much one currency is worth in terms of another.

Value Fluctuation Rate

The rate at which the value of an asset or currency rises or falls over a specific period of time.

NAFTA

The North American Free Trade Agreement, which was an agreement among the United States, Canada, and Mexico designed to remove tariff barriers between the respective countries.

Trade Agreement

A contract between two or more nations that outlines how they will work together to ensure mutual benefit in trade.