Match each term with its definition.

a. financial planning.
personal satisfaction gained from consumption.
b. rational choice.
reluctance for taking chances.
c. risk aversion.
a decision-making method that compares costs and benefits.
d. utility.
a strategy to save for financial goals.

Here is the pair:

-  Financial planning  -  A strategy to save for financial goals.
financial planning is done to ensure that individuals or companies would achieve healthy financial growth.

- Rational choice  - A decision-making method that compares costs and benefits.
A choice is considered as rational if the benefit outweigh the cost

- Utility - Personal satisfaction gained from consumption.
For example, when you drink a soda after working out, the loss of thirst is considered to be a utiliy

- Risk aversion - Reluctance for taking chances.
Risk aversion is most commonly used by investors to avoid experiencing unnecessary loss

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