Paul Carter is 43 years old,married and has three children,ages 13,10 and 5.Which influence on financial decisions does this demonstrate?
A)Adult Life Cycle
B)Economic Factors
C)Global Influences
D)Opportunity Costs
E)None of these.

Question

Quizplus · Accepted Answer

The fact that Paul is at a certain stage in his life (43 years old, married, with children of different ages) indicates that he will have specific financial priorities and goals that correspond to this stage, such as saving for his children's education or planning for retirement. This falls under the influence of the Adult Life Cycle on financial decisions.

Paul Carter Is 43 Years Old,married and Has Three Children,ages