9
QuizMultiple Choice

Investing and Financial Markets — Unit test

Question 9 • Personal Finance - EL3403

Which of these is the best reason for Nina to monitor her bank account statements online or on her cell phone app?

Answer
A
to know when her bills are due
B
to determine the exact date she can retire
C
to ensure she's paying her fair share in taxes
D
to know how much money she has for budgeting

Explanation

Checking bank statements lets Nina see her current balance and recent transactions. That information helps her track how much money she has available and plan her spending, so the best reason is to know how much money she has for budgeting.

AI-written and checked against the verified answer.

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