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AssignmentMultiple Select

Understanding Checking and Debit Accounts

Question 1 • Personal Finance - EL3403

Which are good ideas to include in Luisa’s plan? Check all that apply.

Answer
A
Luisa can save some money.
B
Luisa can apply for financial aid when she graduates from high school.
C
Luisa’s friends can lend her money.
D
Luisa’s parents can save some money for her, if possible.
E
Luisa can wait to save money until she graduates from high school.

Explanation

Luisa can start saving some money now, and her parents can also save for her if they are able. She can apply for financial aid when she graduates from high school to help pay for further education. Relying on friends to lend money is uncertain, and waiting until graduation to begin saving gives her less time to build savings.

AI-written and checked against the verified answer.

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