Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

1.) Why is it so important to understand your personalfinances? A.It is important to understand your personal finances because there will be looked at the

1.) Why is it so important to understand your personalfinances?

A.It is important to understand your personal finances because there will be looked at the end of the term.

B.It is important to understand your personal finances because you need to know what your credit card interest is so that you can pay the balance off quicker. Once the balance is paid off, you can then invest in the stock market.

C.It is important to understand your personal finances because you need to know how much money you have and how much money you spend in order to find a way to live within your means.

D.It is important to understand your personal finances because understanding your personal finances will prevent divorce and other difficulties in personal relationships.

2.) What types of problems are more common among people who do not have their finances under control?

A. People who do not have their finances under control have higher marriage rates, and no difficulty in personal relationships. However, they tend to suffer from higher rates of depression among a variety of other ailments.

B. People who do not have their finances under control suffer from financial stress, higher divorce rates, and other difficulties in personal relationships. They also suffer from higher rates of depression among a variety of other ailments.

C. People who do not have their finances under control suffer from financial stress because they usually have to pay an accountant to balance their checkbooks.

D. People who do not have their finances under control suffer from financial stress, and have less friends. They also suffer from higher interest rates.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

The Global Financial Crisis What Have We Learnt

Authors: Steven Kates

1st Edition

0857934228, 978-0857934222

More Books

Students also viewed these Finance questions

Question

Explain risk management concepts

Answered: 1 week ago