How do short-term financial goals differ from long-term financial goals?
Personal finance skills have the most significant impact on an individual’s
Emma lives on a tight budget. She saves money and also makes intelligent choices when spending it. Which statements describe Emma’s financial skills? Select three options.
What is included in an individual’s personal assets? Select three options.
_____ are items such as utilities, rent, and food—items that one can’t do without.
Amanda wants to buy a new car. What questions of financial responsibility should she ask herself before she makes the purchase? Select three options.
Which results are more likely for someone without personal finance skills? Select three options.larger long-term credit or loan costsless preparation for emergenciesfewer utility expensessimple long-term investment strategiesincreased long-term challenges
What are the main purposes of a budget? Select three options.
To assess the risk and return involved in a purchase decision, which practical questions should a potential buyer ask? Select three options.What can go wrong?What are my friends buying?How will it affect my social status?What is the likely return?Is the risk worth the return?
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