please answer these questions

How will a personal balance sheet help determine emergency funding needs? By identifying the level of total debt financing By identifying the level of surplus expenses By identifying the level of liquid assets By identifying the level of total income Which are types of revolving credit? I. Credit card II. Instalment loan III. Car loan IV. Line of credit I and II, only II and III, only III and IV, only I and IV, only What are disadvantages to using credit? I. Opportunity cost lost as large credit payments take away from your ability to save. -II. Easier to impulse buy on purchases that you cannot afford. III. Provides short-term loans for emergencies. IV. Can damage credit rating. I and II, only I, II and IV I and III, only I, II, III and IV