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Questions and Answers
What is the best definition of personal finance?
What is the best definition of personal finance?
- Controlling government spending
- Managing an individual's investment portfolio
- Maximizing returns on corporate investments
- Budgeting and managing an individual's financial resources (correct)
Which of the following is an example of a short-term financial goal?
Which of the following is an example of a short-term financial goal?
- Buying a new car (correct)
- Purchasing a second home
- Saving for retirement
- Investing in stocks for long-term growth
What does the term 'liquidity' refer to in personal finance?
What does the term 'liquidity' refer to in personal finance?
- The ease of converting assets into cash without loss of value (correct)
- The amount of money invested in long-term assets
- The ability to purchase luxury items
- The total income received in a year
