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

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Definitions:

Rational Expectations

The hypothesis that individuals make forecasts about the future based on all available information and past experiences, thus influencing their economic decisions.

Prominent Spokesman

A leading or notable figure who represents and speaks on behalf of a particular cause, organization, or group.

Milton Friedman

An American economist and Nobel Prize winner known for his research on consumption analysis, monetary history and theory, and the complexity of stabilization policy.

Economic Thought

A branch of economics that studies the evolution of economic ideas and theories over time.