3
QuizMultiple Choice

Case Study: Personal Financial Planning — Quiz

Question 3 • Personal Finance

Which expense category will most likely be changed to allow money for the purchase of a car?

Answer
A
groceries
B
utilities
C
entertainment
D
savings

Explanation

A car is a major purchase, so you may need to cut back on flexible, nonessential spending to make room in your budget. Entertainment is usually more flexible than groceries, utilities, or savings, making it the category most likely to be reduced.

AI-written and checked against the verified answer.

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