7
QuizMultiple Choice

Keeping Financial Records

Question 7 • Skelton - GSN - Financial Math - MA2007

What does it mean for a set of financial records to be comprehensive?

Answer
A
Comprehensive records are protected against theft and fire.
B
The records must contain sufficient information to cover all of your financial plan.
C
At least two people must be able to view and assess the records.
D
The records must contain every one of your financial files, such as pay stubs and receipts.

Explanation

Comprehensive financial records contain enough relevant information to give a complete picture of your financial plan. That means they cover the plan’s important areas, not necessarily every individual document, such as every pay stub or receipt. Choice B describes this meaning.

AI-written and checked against the verified answer.

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