Which results are more likely for someone without personal finance skills? Select three options. A. Larger long-term credit or loan costs
B. Less preparation for emergencies
C. Fewer utility expenses
D. Simple long-term investment strategies
E. Increased long-term challenges
Which results are more likely for someone without personal finance skills? Select three options.
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The three options that are more likely for someone without personal finance skills are:
A. Larger long-term credit or loan costs
B. Less preparation for emergencies
E. Increased long-term challenges
Explanation:
– A: Without personal finance skills, individuals may not understand how to manage credit effectively, leading to higher interest rates and costs on loans.
– B: Lack of planning skills may result in inadequate savings or insurance, making them unprepared for emergencies.
– E: Overall, without financial knowledge, individuals are likely to face greater challenges in managing their finances over the long term, including debt and unexpected expenses.
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