Personal Financial Planning Is Important Because It

question 22

Multiple Choice

Personal financial planning is important because it:

• A) controls inflation.
• B) limits consumption.
• C) reduces social disparity.
• D) results in an improved standard of living.
• E) reduces economic differences among individuals.

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Definitions:

Easy Child

A term in developmental psychology describing children who are generally calm, adaptable, and have a positive mood.

Undemanding

Requiring or posing little effort or stress; not challenging or taxing.

Contact Comfort

The psychological and physical comfort that an infant derives from being in close physical contact with its caregiver, highlighting the importance of touch in social and emotional development.

Physical Nourishment

The provision of essential nutrients from food necessary to support human life and health.