3
lesson pretestMultiple Choice

Pretest

Question 3 • CMS 2026-2027 Economics and Personal Finance CREDIT RECOVERY

Which results are more likely for someone without personal finance skills? Choose three correct answers.

Answer
A
simple long-term investment strategies
B
fewer utility expenses
C
larger long-term credit or loan costs
D
less preparation for emergencies
E
increased long-term challenges

Explanation

Without personal finance skills, it can be harder to plan ahead, manage debt, and set aside savings. That can lead to increased long-term challenges, larger credit or loan costs, and less preparation for emergencies. Simple investment strategies are not a likely negative result, and utility expenses do not necessarily decrease.

AI-written and checked against the verified answer.

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