Question

There are four steps in solving one's personal financial challenges:

1. considering opportunity costs
2. assessing risks and returns
3. setting short- and long-term goals
4. assessing needs and wants

Which of these is the correct order of these steps?
2, 1, 3, 4
1, 2, 3, 4
4, 1, 2, 3
4, 2, 3,1

Answer 1

Answer is : 4,1,2,3

There are four steps in solving one’s personal financial challenges:
1. considering opportunity costs
2. assessing risks and returns
3. setting short- and long-term goals
4. Assessing needs and wants.