Question

which results are more likely for someone without personal finance skills? select three options.\
\\u25a1 larger long - term credit or loan costs\
\\u25a1 less preparation for emergencies\
\\u25a1 fewer utility expenses\
\\u25a1 simple long - term investment strategies\
\\u25a1 increased long - term challenges

Explanation:

• For "larger long - term credit or loan costs": Without personal finance skills, one may not be able to get favorable loan terms (like lower interest rates) or manage credit well, leading to higher long - term costs.
• For "less preparation for emergencies": Personal finance skills include saving for emergencies. Without these skills, a person is less likely to set aside money for unexpected situations.
• For "increased long - term challenges": Poor financial management due to lack of skills can lead to a series of long - term problems such as debt accumulation, inability to meet financial goals, etc.

The other options are incorrect: "fewer utility expenses" is not related to lack of personal finance skills (utility expenses are more about usage and service rates), and "simple long - term investment strategies" would be more likely for someone with finance skills, not without.

Answer:

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