Global: Making Informed Financial Decisions Quiz

Which of the following best describes making informed financial decisions?

Which step is essential before making a large purchase, like a car?

Financial responsibility involves:

Which of the following is considered “good debt”?

What is the main difference between short-term and long-term financial goals?

Paying off high-interest debt first can reduce the total cost of borrowing.

Setting financial priorities includes allocating funds to savings and emergency funds before spending on non-essential items.

Please match the word with its definition.

Please match the word with its definition.

Arrange these steps in making an informed financial decision from first (#1) to last (#4). Available choices: Identify your goal / Gather and analyze information / Weigh risks and rewards / Make the final choice

Arrange these financial responsibilities from highest priority (#1) to lower priority (#4). Available choices: Building an emergency fund / Paying for essential expenses like housing and food / Saving for long-term goals like retirement / Spending on non-essentials (luxuries)

What is one financial principle you learned that you believe will help you make better long-term financial decisions, and why?