AnswersEconomics and Personal FinancePractice TestQuestion 1
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practice testMultiple Choice

Practice Test

Question 1 • Economics and Personal Finance

Which statements identify errors in Jaiden’s plan? Choose four correct answers.

Answer
A
He should wait until his last year in high school to fill out the FAFSA.
B
While in high school, he should quit all extracurricular activities so he can work more hours and save money.
C
He should start saving right away. It is never too early to start a savings account.
D
He should try different sports and clubs in middle school and early high school. Then he should pick his favorites and invest more time in them.
E
He should work hard throughout middle school and high school or it might be too difficult for him to excel later, since bad habits are hard to break.
F
He should ask all his friends and neighbors to contribute to his college fund so it will grow faster.
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