5
QuizMultiple Choice

Making Spending Decisions — Quiz

Question 5 • Personal Finance

When making a major purchase, people should

Answer
A
buy the most expensive product.
B
weigh what their friends think.
C
consider their future needs.
D
always finance the product.

Explanation

A major purchase should fit not only what you need now but also what you expect to need in the future. Considering future needs can help you choose a product that remains useful and avoid unnecessary replacement costs. The most expensive option, friends’ opinions, and financing are not always appropriate.

AI-written and checked against the verified answer.

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