Influence of Emotional and Social Factors on Financial Behavior
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Questions and Answers

Match the following financial behavior influence with its description:

Emotions = Role of emotions, attitudes, and habits in making financial decisions Culture = Understanding how culture and values influence financial decisions and goals Social influences = Examples of how marketing strategies, social media, and social pressure can influence purchasing decisions Financial planning benefits = Benefits of personal financial planning on intra- and interpersonal relationships

Match the following charitable giving aspect with its description:

Assistance to those in need = Pros and cons of charitable giving, such as assisting those in need Tax benefits = Pros and cons of charitable giving, such as tax benefits Religious worship = Pros and cons of charitable giving, such as religious worship Excess production = Pros and cons of charitable giving, such as excess production

Match the following financial management principle with its effect on individual financial stability:

Minimizing debt = Financial management principle promoting individual financial stability Comparison shopping = Importance of comparison shopping in purchasing Buying strategies = Emphasis on buying strategies in purchasing Negotiation = Emphasis on negotiation in purchasing

Match the following personal financial planning benefit with its outcome on relationships:

<p>Less relational stress = Benefit of personal financial planning on intra- and interpersonal relationships Wealth building = Benefit of personal financial planning on intra- and interpersonal relationships Self-reliance = Benefit of personal financial planning on intra- and interpersonal relationships Giving gifts and/or inheritance = Benefit of personal financial planning on intra- and interpersonal relationships</p> Signup and view all the answers

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