16
QuizMultiple Choice

Principles of Financial Planning

Question 16 • Personal Finance - EL3403

In American society, which of these is an example of a want?

Answer
A
food
B
shoes
C
video games
D
utility bills

Explanation

A want is something people would like to have but do not need to survive or meet basic obligations. Video games are a form of entertainment, so they are an example of a want. Food, shoes, and utility bills are generally considered needs or necessities.

AI-written and checked against the verified answer.

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