Lesson 1
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✓ Answer Key
1.
Loss aversion means
B) Feeling the pain of a loss roughly twice as intensely as the pleasure of an equivalent gain
2.
If you spend $60,000/year, your FI number is
C) $1,500,000 (25 × annual expenses)
3.
The correct first priority before long-term investing is
B) Eliminating high-interest consumer debt first
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