International Baccalaureate (IB) Practice Exam

When you're in high school, you won't have the same emergency expenses as your parents.

1. True

2. False

The correct answer is: True

Choosing true reflects an understanding that, as a high school student, your financial responsibilities and life circumstances differ significantly from those of your parents. Generally, parents are responsible for larger financial obligations, such as mortgage or rent payments, medical bills, and other costs associated with running a household. In contrast, high school students typically face fewer high-stakes emergency expenses, which might include personal emergencies like car repairs or minor health costs but do not usually involve the broad range of expenses adults manage. Moreover, most high school students rely on their parents for essential support, which aligns with this notion of lesser personal financial burdens. As students transition into adulthood, their financial landscape will inevitably change, leading to increased responsibility for managing various expenses. Hence, the statement recognizes the disparities in financial obligations and emergencies faced by different age groups.