Which of the Following Steps Is NOT a Factor to Be

question 107

Multiple Choice

Which of the following steps is NOT a factor to be considered before making your first investment?

• A) Work to balance your budget.
• B) Manage your credit card debt.
• C) Have access to other sources of cash for emergency needs.
• D) Save at least $10,000 to invest.
• E) Start an emergency fund.

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Definitions:

Capacity

The legal ability of a person to enter into a contract, often determined by factors such as age, mental competency, and legal status.

Individual Differences

Variations among individuals in their behaviors, abilities, experiences, and interests, often considered within the study of psychology to understand human complexity.

Personality Psychologists

Specialists in psychology who study the variation in individuals’ characteristics, traits, and behaviors.

Behavior Patterns

Repetitive actions or reactions that are exhibited by individuals across different situations, often forming an identifiable part of their character or psychological profile.