Under which component of a financial plan would the following decision fall: determining how much you can afford to borrow,the length of the loan,and appropriate interest rate,when considering how to afford your car purchase?
A)Liquidity
B)Financing
C)Budgeting
D)Credit management

Question

Quizplus · Accepted Answer

This decision would fall under the financing component of a financial plan, as it involves determining the terms of a loan to purchase a car.

Under Which Component of a Financial Plan Would the Following