14
QuizMultiple Choice

Making Spending Decisions

Question 14 • ***CPS Online Personal Finance fall – 3-2027

When making a major purchase, people should

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

Explanation

A major purchase should meet both current and anticipated needs, so it is sensible to consider how your needs may change in the future. Financing is not always the best choice, and buying the most expensive product or relying on friends’ opinions does not ensure the purchase is right for you. The correct choice is “consider their future needs.”

AI-written and checked against the verified answer.

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