Answers FL-2102373-Personal Finance and Money Management Honors Unit Test — Cumulative examQuestion 23

23

RCMultiple Choice

Unit Test — Cumulative exam

Question 23 • FL-2102373-Personal Finance and Money Management Honors

Which is the most efficient way to prevent bankruptcy?

Answer

A

Use all your savings to pay off higher interest credit cards.

B

Open low-interest credit cards to pay off high-interest credit cards.

C

Use a personal loan to pay off some of your high-interest credit cards.

D

Take steps to stay in good financial health by creating an effective budget.

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