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?

2,3 1,4
1, 2, 3, 4
4,1,2,3
3, 1,4, 2​

Answer 1

Hello there!

The four steps in solving one's personal financial challenges in the correct order is

4) Assessing needs and wants

1) Considering Opportunity costs

2) Assessing risks and returns

3) Setting short and long term goals

The correct answer is option C 4,1,2,3

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