6
QuizMultiple Choice

Principles of Financial Planning — Quiz

Question 6 • Economics

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

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

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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