TRUE/FALSE. Mark "A" for true, "B" for false. 16) Money management refers to day-to-day financial activities necessary to manage current personal economic resources while working toward long-term financial security. 16) MULTIPLE CHOICE. Choose the one alternative that best completes the statement or answers the question 17) 17) The main purposes of personal financial statements are to A) Measure your progress toward financial goals B) Maintain information about your financial activities. C) Provide data for preparing tax forms or applying for credit, D) Report your current financial position. E) All of the above are correct A-3