3
lesson pretestMultiple Choice

Pretest

Question 3 • Economics

In order to stay on track for long term financial goals, money for emergency spending should be taken first from your

Answer
A
discretionary money.
B
savings account.
C
fixed expense money.
D
net income.

Explanation

Emergency spending should come from money that is flexible rather than money set aside for essential bills or long-term savings. Discretionary money is available for nonessential spending, so using it first helps protect savings and fixed-expense funds. The correct choice is discretionary money.

AI-written and checked against the verified answer.

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