One of the First Things the Financial Planner Is Likely

question 191

Multiple Choice

One of the first things the financial planner is likely to have them do would be to

• A) open an individual retirement account (IRA).
• B) borrow money to pay for their excess expenses.
• C) take inventory of their financial position.
• D) return to school and pursue a graduate degree.

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Definitions:

Common-Sense

Pertains to sound practical judgment concerning everyday matters or a basic ability to perceive, understand, and judge things shared by nearly all people.

Belongingness Hypothesis

The theory suggesting that humans have an innate need to form and maintain strong, stable interpersonal relationships.

Interpersonal Relationships

The connections and associations formed between individuals based on social, emotional, or professional interaction.

Pervasive Need

An enduring and extensive requirement that affects many aspects of an individual's life, potentially influencing behavior and well-being.