What financial principle do they need to understand better?

Question

Quizplus · Accepted Answer

All the financial principles mentioned are important to understand in order to make informed personal finance decisions. The time value of money allows one to compare the value of money today versus its future value, taxes affect how much money one gets to keep after earning it, and risk and return are important considerations when choosing investments. Therefore, it is important to have a good understanding of all these principles.

What Financial Principle Do They Need to Understand Better