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What is the definition of financial problem?

Updated: 9/15/2023

Wiki User

∙ 7y ago

Best Answer

A risk factor related to the family's inability to provide sufficient financial resources to meet minimum needs

Wiki User

∙ 7y ago

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Continue Learning about Finance

What is a Financial issue?

A financial issue is a problem related to managing and using money. It can affect individuals, businesses, or organizations and can be caused by a variety of factors. There are many resources available to help with financial issues 𝙝𝙩𝙩𝙥𝙨://𝙬𝙬𝙬.𝙙𝙞𝙜𝙞𝙨𝙩𝙤𝙧𝙚24.𝙘𝙤𝙢/𝙧𝙚𝙙𝙞𝙧/372576/𝙨𝙘𝙞𝙢1231/

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Financial depression is a severe and prolonged economic downturn characterized by high levels of unemployment, reduced consumer spending, and overall economic hardship.

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