which results are more likely for someone without personal finance skills? select three options.\n□ larger…

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

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

Answer

Brief Explanations:

Without personal finance skills, one may not manage credit/loans well, leading to higher long - term costs. Lack of such skills also means less emergency preparedness. Poor financial management can cause increased long - term challenges. Utility expenses are not directly related to personal finance skills in this context, and simple long - term investment strategies are more likely with personal finance skills.

Answer:

  • larger long-term credit or loan costs
  • less preparation for emergencies
  • increased long-term challenges