Business Studies · Financial Management
Which of the following is an example of a good financial management practice for an individual?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Making large, speculative investments without proper research
- 2Taking out a high-interest loan for a luxury purchase
- 3Saving a portion of income in a structured savings account✓
- 4Using a credit card to make impulsive purchases
Correct answer
Saving a portion of income in a structured savings account
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