Question

13 multiple choice 2 points how can being a well - informed consumer benefit you? a) by encouraging overspending b) by helping you make smart purchasing decisions c) by decreasing your net worth d) by avoiding financial contracts 14 multiple choice 2 points 1. what does it mean to make responsible financial decisions? a) spending money impulsively b) making informed choices with your money c) ignoring financial responsibilities d) borrowing money without considering consequences

Explanation:

For question 13:

• Option A: Encouraging overspending is not a benefit. A well - informed consumer is more likely to manage spending.
• Option B: A well - informed consumer has knowledge about products, prices, and quality, which helps in making smart purchasing decisions.
• Option C: Decreasing net worth is a negative outcome, not a benefit.
• Option D: Avoiding financial contracts is not a general benefit. Sometimes, well - informed consumers enter into beneficial financial contracts.

For question 14:

• Option A: Spending impulsively is not responsible.
• Option B: Making informed choices with money is a key aspect of responsible financial decisions.
• Option C: Ignoring financial responsibilities is irresponsible.
• Option D: Borrowing without considering consequences is not a responsible financial decision.

Answer:

1. B. By helping you make smart purchasing decisions
2. B. Making informed choices with your money