Which of the Following Best Defines Personal Finance

Multiple Choice

Which of the following best defines personal finance?

A) The study of how people minimize risk for a given level of return
B) The study of how people maximize return for a given level of risk
C) The study of how people develop the cash flows necessary to support their operations and provide for their well-being
D) The study of how ethics should influence financial management decisions
E) The study of how people maximize risk for a given level of return