24
QuizMultiple Choice

The Financial Plan

Question 24 • SHS Alt Personal Finance - 2021

Planning for the possiblity that your home might get struck by lightning and catch on fire is part of a plan for _____.

Answer
A
financing
B
managing income
C
managing liquidity
D
protecting assets

Explanation

Planning for a possible lightning strike and fire is about protecting property you own from loss or damage. This is part of protecting assets, rather than managing income, financing, or keeping cash readily available for expenses.

AI-written and checked against the verified answer.

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