14
QuizMultiple Choice

Personal Finance — Test

Question 14 • Personal Finance and Economics

Which statement best defines tuition?

Answer
A
Tuition is money borrowed to pay for an education.
B
Tuition is the price of attending classes at a school.
C
Tuition is aid given to a student by an institution.
D
Tuition is federal money awarded to a student.

Explanation

Tuition is the amount a school charges for attending classes. Federal awards and institutional aid are forms of financial assistance, while borrowed money is a loan. Therefore, “the price of attending classes at a school” is the best definition.

AI-written and checked against the verified answer.

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