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Question 1

If you have a high credit utilization rate, how might it affect your credit score?

Accepted Answer

It will lower your credit score

Question 2

Which of the following is a long-term financial goal that aligns with the workshop's recommendations?

Accepted Answer

Investing for retirement

Question 3

What is the main advantage of a high-yield savings account compared to a regular savings account?

Accepted Answer

It offers higher interest rates

Question 4

What is the primary purpose of diversifying your investment portfolio?

Accepted Answer

To reduce risk by spreading investments across different assets

Question 5

Which of the following is a key strategy for building a good credit score?

Accepted Answer

Keeping credit utilization below 30%

Question 6

What is the primary risk of not paying off credit card balances in full each month?

Accepted Answer

Accumulating high-interest debt

Question 7

Which of the following investment options is generally considered the least liquid?

Accepted Answer

Real Estate

Question 8

According to the 50/30/20 rule, if your monthly income is $2,000, how much should you allocate to "wants"?

Accepted Answer

600

Question 9

Which of the following is NOT a benefit of financial literacy?

Accepted Answer

Guaranteeing immediate wealth

Question 10

What is the reasons the workshop recommends following us?

Accepted Answer

financial lifehacks, Money management tips, Share with financial books, apps

Questions 10