Question

The accumulation motive in financial planning relates to:

a.

Meeting specific transaction needs

b.

Setting aside funds for general future expenses

c.

Desire to invest for accumulating wealth

d.

Allocating resources between present and future consumption

Answer: (c).Desire to invest for accumulating wealth Explanation:The accumulation motive in financial planning refers to an individual's desire to invest for accumulating wealth, taking advantage of favorable market opportunities.

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