9
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Financial Responsibility

Question 9 • Personal Finance - EL3403

The chart describes four situations involving financial responsibility.Financial ResponsibilityPersonFinancial DecisionsHallieHas multiple loans at the same timeHaydenHas more income than the amount of debtAlisonMade payments less than the minimum amount dueJoelMade late payments several times before the bill was paidWhich person is financially responsible?

Answer
A
Hallie
B
Hayden
C
Alison
D
Joel

Explanation

Hayden has more income than the amount of debt, which suggests that the debt is manageable. Alison paid less than the minimum due, and Joel made late payments, both signs of poor financial responsibility. Having multiple loans, as Hallie does, can also make debt harder to manage.

AI-written and checked against the verified answer.

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