Developing a monthly budget as part of your annual financial plan to determine excess cash or cash deficiencies, and then developing a plan to inves (or fund) the excess (deficient) cash position is a process called a personal financial accountability. b money management. C liquidity management. d budgeting

## Step 1<br />The problem is asking us to identify the process of developing a monthly budget as part of an annual financial plan to determine excess cash or cash deficiencies, and then developing a plan to invest or fund the excess or deficient cash position. <br /><br />## Step 2<br />Let's analyze each option:<br />- Option A, personal financial accountability, refers to the responsibility of an individual to manage their own finances. This doesn't necessarily involve the creation of a budget.<br />- Option B, money management, is a broad term that includes all aspects of managing money, including budgeting, but it doesn't specifically refer to the creation of a budget.<br />- Option C, liquidity management, refers to the management of a company's or individual's liquidity, which is the ability to meet short-term obligations. This doesn't necessarily involve the creation of a budget.<br />- Option D, budgeting, is the process of creating a plan to spend your money. This plan is called a budget. It is a financial plan that outlines the expected revenues and expenses for a set period of time. This fits the description given in the problem.