Money Manager Apprentice
 Your Score:58%
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7 out of 12 correct.

Nice job! You're becoming more adept at managing money. Continue expanding your financial toolkit, and you'll be making smarter financial decisions in no time.

Your Answers

Paying off high-interest debt should be a priority before saving for retirement.

True
 Correct Answer
False
 Your Answer

Having multiple credit cards always negatively impacts your credit score.

True
False
 Your Answer

Making only the minimum payments on loans and credit cards is a smart long-term strategy for debt repayment.

True
 Your Answer
False
 Correct Answer

Your credit limit is the maximum amount of money you can borrow without any fees or interest.

True
 Your Answer
False
 Correct Answer

The past performance of an investment is a reliable indicator of its future performance.

True
False
 Your Answer

Using your credit card to withdraw cash from an ATM is the same as making a purchase with your credit card.

True
 Your Answer
False
 Correct Answer

It's safe to share your PIN with a trusted friend or family member.

True
False
 Your Answer

Investing in a diversified portfolio of stocks is generally considered safer than investing in a single stock.

True
 Your Answer
False

Providing false information during KYC verification can have legal consequences.

True
 Your Answer
False

Making extra payments on your mortgage is generally not advisable and doesn't save money in the long run.

True
 Correct Answer
False
 Your Answer

Using an ATM from a different bank will always result in additional fees.

True
False
 Your Answer

Real estate investments always appreciate in value over time.

True
False
 Your Answer