Which of these outcomes become more likely for someone with strong personal finance skills? Check all that apply.A person can avoid opportunity cost.A person can be more prepared to meet basic needs.A person can avoid financial decision-making.A person can spend money thoughtfully to accumulate assets.A person can spend wisely to avoid financial problems.
Answer
A
A person can avoid opportunity cost.
B
A person can be more prepared to meet basic needs.
C
A person can avoid financial decision-making.
D
A person can spend money thoughtfully to accumulate assets.
E
A person can spend wisely to avoid financial problems.
Explanation
Strong personal finance skills help someone plan spending so they are better prepared to meet basic needs. They also support thoughtful spending that can build assets and help prevent financial problems. Opportunity cost cannot be avoided entirely because choosing one use for money means giving up another, and financial decisions cannot be avoided altogether.
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