Which of the Following Best Defines Household Finance

question 14

Multiple Choice

Which of the following best defines household finance?

• A)The study of how a household and the people in it develop the cash flows necessary to support operations and provide for the well-being of its members.
• B)The study of how much it costs to purchase a home.
• C)The study of how a household and the people in it can minimize the risk of bankruptcy.
• D)The study of how the number of people in a household can be maximized.
• E)The study of how a household and the people in it limit expenditures and maximize cash inflows.

---

Definitions:

Flow

Refers broadly to the movement of a fluid or the process of moving in a steady and continuous manner.

Presbycusis

Age-related hearing loss, a gradual loss of hearing in both ears associated with aging.

Hearing

The physiological process or ability involving the perception of sound.

Bladder

A muscular sac in the pelvis that stores urine, allowing urination to be infrequent and controlled.