n NISM Certifications
V-A NISM Series V-A
Medium

Financial goals have to be defined in terms of _______.

Practice question from Nism VA Mock Test 6 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. A

    Time horizon and external funds required

  2. B

    Costs and economic policies

  3. C

    Aspiration and desires

  4. Time horizon and money needed

    Correct answer

Why this is the answer

Financial goals should be defined by the time horizon (when the goal needs to be achieved) and the amount of money required to achieve the goal.

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