Question

which results are more likely for someone without personal finance skills? select three options. larger long - term credit or loan costs less preparation for emergencies fewer utility expenses simple long - term investment strategies increased long - term challenges

Explanation:

• For "larger long - term credit or loan costs": Without personal finance skills, one may not understand interest rates, loan terms, etc. well, leading to taking loans with high costs over the long term.
• For "less preparation for emergencies": Personal finance skills include saving for emergencies. Without them, one is less likely to set aside money for unexpected situations.
• For "increased long - term challenges": Poor financial management due to lack of skills (like not saving, taking bad loans) will accumulate over time and cause more long - term financial difficulties.
• "Fewer utility expenses" is incorrect as personal finance skills don't directly reduce utility costs (utility costs are more about usage and provider rates). "Simple long - term investment strategies" is incorrect as lack of finance skills means one won't be able to develop good investment strategies.

Answer:

A. larger long - term credit or loan costs
B. less preparation for emergencies
E. increased long - term challenges