Question

15 multiple choice 2 points 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 a b c d 16 multiple choice 2 points what is an investment strategy? a) spending money impulsively b) making informed decisions about where to put your money to achieve financial goals c) ignoring your savings account d) borrowing money from friends a b c d

Explanation:

• Question 15: Responsible financial decisions involve being thoughtful and informed. Impulsive spending (A), ignoring responsibilities (C), and borrowing without considering consequences (D) are irresponsible. Making informed choices (B) is responsible.
• Question 16: An investment strategy is about making planned, informed decisions (B) to reach financial goals. Impulsive spending (A), ignoring savings (C), and borrowing from friends (D) are not investment strategies.

Answer:

1. B. Making informed choices with your money
2. B. Making informed decisions about where to put your money to achieve financial goals