Question

One aspect of financial planning is to make sure you maintain adequate insurance coverage for your needs. Which aspect of financial planning does this deal with?
A. Retirement and Estate Planning
B. Spending
C. Managing Risk
D. Investing

I can't decided between A and D
Ms. Sue
Insurance doesn't have much to do with retirement and estate planning.

What is the purpose of insurance?

To manage your risk and protect you as well as help with medical and many things
Ms. Sue
Yep.

The time value of money refers to:




A. personal opportunity costs such as time lost on an activity.


B. financial decisions that require borrowing funds from a financial institution.


C. changes in interest rates due to changes in the supply and demand for money in our economy.


D. increases in an amount of money as a result of interest

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