The three broad areas of financial plans include financial plans for
A)spending.
B)risk management.
C)capital accumulation.
D)All of these.

Question

Quizplus · Accepted Answer

The three broad areas of financial planning include spending (managing cash inflows and outflows), risk management (protecting against unexpected events such as accidents, illness, and death), and capital accumulation (saving and investing for the future). A comprehensive financial plan will address all three aspects and therefore, the correct answer is D - all of these.

The Three Broad Areas of Financial Plans Include Financial Plans