Money Management Refers to Day-To-Day Financial Activities Necessary to Manage

question 44

True/False

Money management refers to day-to-day financial activities necessary to manage current personal economic resources while working toward long-term financial security.

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Definitions:

Financing Activities

Transactions that involve raising capital and repaying investors, including issuing equity, obtaining loans, and repaying debt.

Statement of Cash Flows

The statement of cash flows is a financial report that shows how changes in balance sheet accounts and income affect cash and cash equivalents, breaking the analysis down to operating, investing, and financing activities.

Balance Sheet

A report detailing a company's assets, liabilities, and equity of shareholders at a given moment.