One Aspect of Financial Planning Is to Make Sure You

question 67

Multiple Choice

One aspect of financial planning is to make sure you maintain adequate insurance coverage for your needs.Which aspect of financial planning does this deal with?

• A)Borrowing
• B)Spending
• C)Managing Risk
• D)Investing
• E)Retirement and Estate Planning

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Definitions:

Distribution

A statistical term describing how values in a data set are spread out across different categories or ranges.

Third Quartile

The value below which 75% of the data in a data set falls, also known as the upper quartile.

Medicaid

A government-sponsored insurance program in the United States for individuals and families with low income and resources.

Net Worth

The difference between an entity's total assets and its total liabilities.