EBK PERSONAL FINANCE
7th Edition
ISBN: 9780100659711
Author: KEOWN
Publisher: YUZU
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Question
Chapter 1, Problem 3PA
Summary Introduction
To identify:
Five financial goals according to the features of financial goals.
Introduction:
Financial goals are the monetary objective of an individual or family. So, they can be financially secured. Financial goals have certain features such as:
- Specific means goals should be specific as much as possible.
- Realistic:
It means it should be achievable and not something that is not possible to achieve.
- Prioritized:
It means the one can rank their different goals.
- Anchored in time means goals should be made to be achievable in a particular time frame.
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a.Any of these
b.Dividend decisions
c.Finance decisions
d.Investment Decision
The degree correlation between risk and return over a longer period of time is generally …?
a.Highly negative
b.Non correlation
c.Negative
d.Highly positive
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a.None of these
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