Question
Read the paragraph.
A little bit of planning can reap financial rewards. Consider Franco, who chooses to stash his allowance in a piggy bank until a need arises. Weeks later, Franco has money to spend on a meaningful item, unlike a hasty individual who splurges on candy. And study Lorena, the employee who refuses to spend a cent of her raise, opting to put the extra money in a high-interest account. Lorena resists the urge to spend extravagantly, and she is prepared when she is ready to buy a car or home. And of course, there is always the savvy investor who sees the potential in a new company and purchases inexpensive stock. When the company grows, so does the investor’s money.
Which activities support the central idea about financial planning? Select 3 options.
saving money in a piggy bank
A: making impulsive candy purchases
B: investing extra money to earn interest
C: spending lavishly as a personal reward
D: purchasing stock in a growing company
A little bit of planning can reap financial rewards. Consider Franco, who chooses to stash his allowance in a piggy bank until a need arises. Weeks later, Franco has money to spend on a meaningful item, unlike a hasty individual who splurges on candy. And study Lorena, the employee who refuses to spend a cent of her raise, opting to put the extra money in a high-interest account. Lorena resists the urge to spend extravagantly, and she is prepared when she is ready to buy a car or home. And of course, there is always the savvy investor who sees the potential in a new company and purchases inexpensive stock. When the company grows, so does the investor’s money.
Which activities support the central idea about financial planning? Select 3 options.
saving money in a piggy bank
A: making impulsive candy purchases
B: investing extra money to earn interest
C: spending lavishly as a personal reward
D: purchasing stock in a growing company
Answers
GPT-4o mini
The activities that support the central idea about financial planning are:
1. **saving money in a piggy bank**
2. **investing extra money to earn interest**
3. **purchasing stock in a growing company**
Options A and C do not support the central idea, as they involve impulsive and lavish spending rather than financial planning.
1. **saving money in a piggy bank**
2. **investing extra money to earn interest**
3. **purchasing stock in a growing company**
Options A and C do not support the central idea, as they involve impulsive and lavish spending rather than financial planning.