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 a large expenditure?
A)Liquidity
B)Financing
C)Budgeting
D)Credit management

Question

Quizplus · Accepted Answer

Determining how much you can afford to borrow, the length of the loan and appropriate interest rate are all part of the Financing component of a financial plan. This component involves understanding the different financing options available to you, assessing your ability to repay debts, and selecting the best financing option based on your needs and goals.

Under Which Component of a Financial Plan Would the Following