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Questions and Answers
Which of the following is an advantage of using credit cards for purchasing goods and services?
Which of the following is an advantage of using credit cards for purchasing goods and services?
- Immediate impact on bank account balance
- No risk of overspending beyond one's means
- Limited acceptance at various merchants
- Ability to build a credit history and improve credit score (correct)
What is a key step in achieving savings goals?
What is a key step in achieving savings goals?
- Relying solely on windfall gains
- Setting a specific and realistic savings target (correct)
- Ignoring regular monitoring of savings progress
- Investing all savings in high-risk ventures
What is the concept of interest rates primarily associated with?
What is the concept of interest rates primarily associated with?
- Real estate market trends
- Stock market fluctuations
- Government tax policies
- Cost of borrowing or lending money (correct)
What is an example of distributing financial resources among individuals and organizations?
What is an example of distributing financial resources among individuals and organizations?
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