Emma lives on a tight budget. She saves money and also makes intelligent choices when spending it. Which statements describe Emma’s financial skills? Check all that apply.

Emma is more prepared to meet her basic needs.
Emma is better prepared to avoid financial setbacks.
Emma is better able to accumulate assets.
Emma is more prepared to face emergencies.
Emma is better able to avoid financial decision-making.

Emma is living on a tight budget thus she is more prepared to meet her basic needs. She saves money and also makes intelligent choices. This better prepares her to avoid financial setbacks. At this state, she is better able to accumulate assets and be more prepared to face emergencies.

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avantikar avantikar · Answer 2 · 2019-11-01T18:14:17+01:00

The option A, B, C, and D is correct.

Emma lives on a tight budget. She saves money and also makes intelligent choices when spending it. Emma is more prepared to meet her basic needs, prepared to avoid financial setbacks, able to accumulate assets and more prepared to face emergency.

Further Explanation:

Budget is the estimation of the future financial inflows and outflows of an entity. The federal budget is prepared by the government of the country. It is the estimation of the government’s spending and earning for a specific year. Individual budget makes the budget according to the income and expenses of the individual.

Justification for the correct and incorrect answer:

A.

Emma is more prepared to meet her basic needs: This option is correct.

When the Emma lives on a tight budget, the Emma is more prepared to meet her basic needs. Emma makes a tight budget, after considering her basic needs.

B.

Emma is better prepared to avoid financial setbacks: This option is correct.

Financial setbacks means the individual does not meet the financial needs. In this case, the Emma is prepared to meet the financial setbacks.

C.

Emma is better able to accumulate assets: This option is correct.

In case of tight budget, the enna is able to accumulate the assets. Enna saves the money in case of tight budget, that money can be generated assets.

D.

Emma is more prepared to face emergancies: This option is correct.

Emma may face emergencies, it can be financial loss, health problem and some other accidents which may require the huge amount of money. In case of tight budget, emma is prepared to face emergencies.

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Answer details:

Grade: Middle School

Subject: Business

Chapter: Money and Banking

Keywords: