12
QuizMultiple Choice

Financial Reserves

Question 12 • (Kapuschinsky)WCA 3424 Consumer Applications 1st nine weeks 26-27

If your essential expenses plus your non-essential expenses are greater than your income, then your financial reserves are growing larger.

Answer
A
T
B
F

Explanation

When your essential and non-essential expenses add up to more than your income, you are spending more than you earn. The difference must come from savings or other financial reserves, so those reserves get smaller, not larger. Therefore, the statement is false, which matches choice B (F).

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