9
QuizMultiple Choice

Case Study: Personal Financial Planning

Question 9 • 26-27 Ignite Financial Literacy Personal Finance - EL3403

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

Answer
A
savings
B
groceries
C
utilities
D
entertainment

Explanation

A car is a large purchase, so money usually needs to be set aside by reducing flexible, nonessential spending. Entertainment is typically more discretionary than groceries or utilities, which cover basic needs; savings may also be an important goal. Therefore, entertainment is the category most likely to be changed.

AI-written and checked against the verified answer.

Previous
Next