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Questions and Answers
Which of the following is a recommended step before starting to invest?
Which of the following is a recommended step before starting to invest?
- Knowing what you're investing for
- Diversifying investments
- Understanding investing risks (correct)
- Picking an investment strategy
What is the recommended amount of cash or savings to have as an emergency fund?
What is the recommended amount of cash or savings to have as an emergency fund?
- 9-12 months of living expenses
- 6-9 months of living expenses
- 1-3 months of living expenses
- 3-6 months of living expenses (correct)
Why is it important to pay off credit card debt before investing?
Why is it important to pay off credit card debt before investing?
- Investments can help pay off credit card debt
- Investing is more important than paying off debt
- Credit card debt does not affect investing
- Credit card debt has a high interest rate (correct)
Which of the following is NOT a recommended rule for beginning investors?
Which of the following is NOT a recommended rule for beginning investors?
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What is the recommended asset allocation for a long-term investment goal that is 15 to 30 years away?
What is the recommended asset allocation for a long-term investment goal that is 15 to 30 years away?
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What is the main advantage of using fintech (financial technology) in stock markets?
What is the main advantage of using fintech (financial technology) in stock markets?
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What do stock exchanges facilitate the trading of?
What do stock exchanges facilitate the trading of?
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