The following outcomes are more likely to become for someone with strong personal finance skills:
(A person can be more prepared to meet basic need; a person can avoid financial decision-making; a person can spend money thoughtfully to accumulate assets; a person can spend wisely to avoid financial problems). But someone with strong personal finance skills cannot avoid opportunity cost no matter what he does.
Opportunity cost is defined in the dictionary as the loss of potential gain from other alternatives when one alternative is chosen.
A person can be more prepared to meet basic needs.
A person can spend money thoughtfully to accumulate assets.
A person can spend wisely to avoid financial problems.
B, D & E are the correct Answers on e2020
