Under Which Component of a Financial Plan Would the Following

question 61

Multiple Choice

Under which component of a financial plan would the following decision fall: determining how much you can afford to borrow,the length of the loan,and appropriate interest rate,when considering how to afford your car purchase?

• A)Liquidity
• B)Financing
• C)Budgeting
• D)Credit management

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Definitions:

Will Schutz

A psychologist known for creating the Fundamental Interpersonal Relations Orientation (FIRO) theory, which explores how interpersonal relationships impact individual behavior.

Self-esteem

An individual's subjective evaluation of their own worth or value.

Academic Background

The education history of an individual, including schools attended, degrees obtained, and other academic achievements.

Self-fulfilling Prophecy

A belief or expectation that influences behavior in a way that makes the belief come true.