9
AssignmentMultiple Select

Taxes

Question 9 • * HSA 26-27 Economics

Raysa’s car needs a car part replacement that costs about $500 dollars. Raysa’s budget is tight, and the only extra money she has is $300 in her emergency fund.What possible impacts can the car part replacement have on Raysa? Check all that apply.Raysa may have more debt if she uses a credit card to have her car fixed.Raysa might have to delay other purchases until she can build up her funds.Raysa may need to cut down spending in other areas to pay for the unexpected expense.Raysa might worry less because she has enough money in her emergency fund to cover the cost.Raysa might have to delay achieving her monthly financial savings goal to get her car working again.

Answer
A
Raysa may have more debt if she uses a credit card to have her car fixed.
B
Raysa might have to delay other purchases until she can build up her funds.
C
Raysa may need to cut down spending in other areas to pay for the unexpected expense.
D
Raysa might worry less because she has enough money in her emergency fund to cover the cost.
E
Raysa might have to delay achieving her monthly financial savings goal to get her car working again.

Explanation

The repair costs about $500, but Raysa has only $300 in her emergency fund, leaving a $200 shortfall. She may use a credit card for the difference and take on more debt, delay other purchases, cut spending elsewhere, or postpone her savings goal to cover the expense. Choice D is not correct because her emergency fund is not enough to pay for the full repair.

AI-written and checked against the verified answer.

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