Suppose That You Just Completed Your First Year of College

question 37

Multiple Choice

Suppose that you just completed your first year of college with $11,000 in loans and plan to borrow the maximum each year from now until graduation. You have never accounted for the way you spend your money, do not have a budget, and want to insure that you will be able to repay your loans after college. What is the most important thing you can do right now?

• A) Talk to your parents about an allowance.
• B) Visit your career counselor at school.
• C) Ask a friend who took the Personal Finance course for advice.
• D) Immediately begin to develop a personal financial plan.

---

Definitions:

Lens

An optical device capable of converging or diverging light, or a transparent structure in the eye which focuses light onto the retina to facilitate vision.

Chemoreceptor

Sensory receptor that is sensitive to chemical stimulation—for example, receptors for taste and smell.

Thermoreceptor

Sensory receptor that detects heat.

Mechanoreceptor

Sensory receptor that responds to mechanical stimuli, such as pressure, sound waves, or gravity.