Question

Which of the following is an example of financial responsibility?

Borrowing from your brother to make a car payment.
Having medical insurance.
Spending money before you have earned it.
Making impulse buys at the grocery store.

Answer 1

Having medical insurance.

Explanation:

Process of elimination...

borrowing a car from your brother you may break and have to replace- not responsible

Having medical insurance so if something were to happen you have some insurance to rely on- responsible

Spending money before you have earned it is not responsible because you may not get to money to pay it back on time- not responsible

Making impulse decisions is usually not a wise choice with you money - not responsible