Financial illiteracy has a number of negative consequences

Financial illiteracy has a number of negative consequences. Which option below is not one of them? Question 1 options: Stress, anxiety, and worry about bills and debt.

Becoming a victim of financial scams (e.g., pyramid and identity theft).

Large amounts of debt.

Monitoring and tracking personal spending habits.

Question 2 (1 point) In order to maintain your financial aid eligibility, you need to maintain the following standards except: Question 2 options: maintain your current residence for a minimum of 12 months

maintain a specific required cumulative grade point average successfully

complete at least 67% of all course attempts

complete your certificate or degree program within the prescribed length of time

Question 3 (1 point) To determine eligibility for Federal Financial Aid, you must submit your Free Application for Federal Student Aid (FAFSA) every January and July. Question 3 options: True/ False

Question 4 (1 point) According to Fidelity Investments, if you start saving and investing $250/month that earns an 8% rate of return, at age 35 you will have over $800,000 accumulated. Question 5 options: True /False