10
lesson pretestMultiple Choice

Pretest

Question 10 • Financial Math

A couple just bought their first home. How might this impact their personal budget in the long term?

Answer
A
It will have no effect on their budget.
B
It will increase their monthly expenses due to maintenance costs.
C
It will reduce their monthly housing costs.
D
It will increase their monthly utility expenses.

Explanation

Owning a home brings ongoing costs beyond the mortgage, including repairs and routine maintenance. These costs can increase the couple’s expenses over time, so the best choice is “It will increase their monthly expenses due to maintenance costs.”

AI-written and checked against the verified answer.