What is financial integration?
A)Using all assets and liabilities,all cash flows,all household activities,and all future plans to arrive at decisions
B)Including all current and future resources and information in decision making
C)Making one decision at a time based strictly on the merits of that item
D)Both a and b
E)Both b and c

Question

Quizplus · Accepted Answer

Financial integration is the process of including all current and future resources and information in decision making, which includes using all assets and liabilities, all cash flows, all household activities, and all future plans to arrive at decisions. It is important to consider all available information when making financial decisions, which is why both options A and B are correct. Making decisions strictly based on the merits of individual items (option C) is not an example of financial integration.

What Is Financial Integration