The Success of a Financial Plan Will Be Determined By

question 48

Multiple Choice

The success of a financial plan will be determined by:

• A)the amount of income available.
• B)the stage of the adult life cycle.
• C)a person's tax status.
• D)how resources are useD.
• E)current economic conditions.

---

Definitions:

Negotiable Instrument

A legal document guaranteeing the payment of a specific amount of money, either on demand or at a set time, with the payee able to transfer it to another holder.

Endorsement

A signature or stamp on a document or instrument that signifies approval, support, or transfer of rights.

Subsequent Holder

An individual or entity that obtains a negotiable instrument after its initial issuance, under certain conditions that preserve the instrument's negotiable status.

Indemnity

A primary obligation of a third party to pay a debt along with the debtor