A formalized report that summarizes your current financial situation,analyzes your financial needs,and recommends future financial activities is a(n):
A)insurance prospectus.
B)financial plan.
C)budget.
D)investment forecast.
E)statement.

Question

Quizplus · Accepted Answer

A financial plan is a comprehensive overview of an individual's current financial situation and long-term monetary goals, along with strategies designed to achieve those goals. It includes analysis of one's financial needs and recommends future financial activities.

A Formalized Report That Summarizes Your Current Financial Situation,analyzes Your