In the following question, out of the given four alternatives, select the alternative which best expresses the meaning of the Idiom/Phrase.
Penny wise and pound foolish
Answer & explanation
Correct answer: option 1
The idiom "penny wise and pound foolish" means to be careful with small amounts of money, but careless with large amounts. It is often used to describe someone who is stingy or frugal, but who makes unwise financial decisions.
The other options are not correct.
- Careless with large amounts, but not small: This is the meaning of the idiom "penny wise and pound foolish".
- To act like a fool: This is not the same as being penny wise and pound foolish.
- An intelligent person who behaves foolishly: This is not the same as being penny wise and pound foolish.
- Dissipating money without caring about consequences: This is not the same as being penny wise and pound foolish.