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If a person is described as 'penny-wise and pound-foolish,' they are _____.

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Question: If a person is described as \'penny-wise and pound-foolish,\' they are _____.

Options:

  1. careful with small amounts but wasteful with large amounts
  2. generous with both small and large amounts
  3. wise in all financial matters
  4. foolish with all financial decisions

Correct Answer: careful with small amounts but wasteful with large amounts

Solution: 

This idiom means that someone is careful about small expenses but not about larger ones, leading to greater losses.

If a person is described as 'penny-wise and pound-foolish,' they are _____.

Practice Questions

Q1
If a person is described as 'penny-wise and pound-foolish,' they are _____.
  1. careful with small amounts but wasteful with large amounts
  2. generous with both small and large amounts
  3. wise in all financial matters
  4. foolish with all financial decisions

Questions & Step-by-Step Solutions

If a person is described as 'penny-wise and pound-foolish,' they are _____.
  • Step 1: Understand the phrase 'penny-wise.' This means being careful with small amounts of money.
  • Step 2: Understand the phrase 'pound-foolish.' This means being careless with larger amounts of money.
  • Step 3: Combine the two phrases. A person who is 'penny-wise and pound-foolish' is careful with small expenses but not with big ones.
  • Step 4: Realize that this behavior can lead to losing more money overall because they ignore larger expenses.
  • Idiom Interpretation – Understanding the meaning of idiomatic expressions and their implications in behavior.
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