Question 22 (1 point) Money management has no relationship to the personal Icash flow statement OTrue OFalse

## Step 1<br />The problem statement is a statement that needs to be evaluated as either true or false. The statement is "Money management has no relationship to the personal cash flow statement."<br /><br />## Step 2<br />To evaluate this statement, we need to understand what a personal cash flow statement is. A personal cash flow statement is a financial document that provides a summary of an individual's income and expenses over a specific period. It shows how money is flowing in and out of the individual's accounts.<br /><br />## Step 3<br />Money management involves the process of budgeting, saving, investing, spending, or otherwise overseeing the cash usage of an individual or group. It is a crucial aspect of personal finance.<br /><br />## Step 4<br />Given the definitions of both money management and a personal cash flow statement, it is clear that money management is closely related to the personal cash flow statement. The personal cash flow statement is a tool that helps in money management by providing a clear picture of where the money is going and how it is being managed.