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question 23

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Learn about the importance of secure document storage and what documents should be stored in a safe-deposit box.
Recognize the different deductions from a paycheck and understand disposable and discretionary income.
Comprehend the implications of insolvency and understand the basics of asset management and protection.
Understand the concept and importance of liquid assets in personal finance.

Definitions:

Maslow's Theory

A hierarchy of human needs that posits individuals are motivated by the desire to satisfy specific tiers of need, from basic physiological ones up to self-actualization.

Behaviour

The way in which an individual acts or conducts themselves, especially towards others, often analyzed in psychology and consumer studies.

Biogenic Needs

Fundamental human needs, such as food, water, and shelter, that are innate and necessary for survival.

Drive Theories

Theories in psychology that explain motivation as being driven by the need to fulfill basic biological needs.

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