Question 5 (1 point) Money management is a series of decisions in made over a short-term period regarding cash inflows and outflows. True OFalse

## Step 1<br />The problem statement is a statement about money management. It says that money management is a series of decisions made over a short-term period regarding cash inflows and outflows.<br />## Step 2<br />To solve this problem, we need to understand what money management is. Money management is the process of budgeting, investing, saving, and spending the money of an individual or group. It involves making decisions about how to allocate resources to meet financial goals.<br />## Step 3<br />The statement in the problem is true. Money management does involve making decisions about cash inflows and outflows, and these decisions are often made over a short-term period. This is because money management is about managing the immediate and near-future financial needs and wants of an individual or group.