Question

christie operates a small cookie business. what type of income does she earn?
earned income
unemployment income
investment income
passive income

question 14
1 pts
emil borrowed money so he would be able to afford to add a screened - in porch to the back of his house. when he applied for the loan, the rate on the loan was very low based given the current market trends. over the following months, however, the market fluctuated a great deal, and suddenly he was faced with higher rates for the same loan. which type of financial risk did emil face?
income risk
interest rate risk
personal risk
inflation risk

question 15
1 pts
you buy lunch every day of the week at a local cafe. what is most likely true about this purchase?
this is a small purchase so it makes no effect on your financial situation
this is a small purchase, but it adds up over time to affect your financial situation.
this purchase is a necessity because you have to eat lunch every day to survive.
there is no other alternative option to making this purchase each day

Explanation:

For the first question, since Christie operates a business and earns from her work - related activities, it is earned income. For the second question, Emil faced changes in loan interest rates due to market fluctuations, which is interest - rate risk. For the third question, buying lunch daily, though a small purchase, accumulates over time and affects the financial situation.

Answer:

Question 13: earned income
Question 14: interest rate risk
Question 15: This is a small purchase, but it adds up over time to affect your financial situation.