Personal Financial Management Is Important Because It

question 67

Multiple Choice

Personal financial management is important because it

• A)controls inflation.
• B)limits consumption.
• C)uses money as an end.
• D)makes personal financial goals easier to achieve.
• E)lessens economic differences among individuals.

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Definitions:

Working Poor

Individuals who have employment but whose incomes fall below a poverty line due to low wages and/or insufficient working hours.

Single Mother

A woman who parents a child or children without the support of a partner in the household.

Electric Bill

A statement of the cost of electricity consumption for a specific period, typically issued monthly by utility companies to households or businesses.

Feminization Of Poverty

The theory that (1) women are more likely to be low-income earners than men, and (2) the low-income gap between women and men is growing.