Question

1. What planning would be required to ensure that you have effective control over the following

financial instruments?
urance and assurance:
t trusts:
SING
ck exchange dealings:
cions:
ures and bonds
(43

Answer 1

To have effective control over financial instruments like insurance, trusts, stock exchange dealings, coins, and securities and bonds, careful planning is required. This involves identifying financial goals, evaluating risk tolerance, researching, creating a budget, and monitoring and reviewing their performance.

Step-by-step explanation:

To have effective control over financial instruments such as insurance and assurance, trusts, stock exchange dealings, coins, and securities and bonds, careful planning is necessary. Here are some key steps:

1. Identify financial goals: Determine what you hope to achieve by using these instruments; for example, protecting assets or generating income.
2. Evaluate risk tolerance: Assess how much risk you are willing to accept in your investments.
3. Research: Gather information about each instrument to understand how they work and their potential returns.
4. Create a budget: Allocate funds towards these instruments based on financial goals and risk tolerance.
5. Monitor and review: Regularly assess the performance of these instruments, making adjustments as necessary to stay on track with your goals.

By following these steps, you can have effective control over financial instruments and make informed decisions about using them.

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