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Personal Financial Literacy 4 Flashcards | StudBud

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What is a fixed expense?

Which of these is an example of a fixed expense?

Personal Financial Literacy 4

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Personal Financial Literacy

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Questions 5

Answers

1
Which of these is an example of a fixed expense?
vacation
house paymen
clothing
gasoline
2
What is a fixed expense?
An expense that does not change in amount
An expense that happens rarely
An earning that varies
An expense that varies
3
How would you define a variable expense?
money earned before taxes
expense that changes based on need or choice
expense that stays the same each month<
an expense that is always paid each week<
4
How would you define a profit?
item/service that is sold minus expenses equals profit
an expense that is fixed
the monthly amount earned each month
the gross amount paid for an item
5
Which of these is an example a variable expense?
car loan
electric bill
house payment
newspaper subscription