2
QuizMultiple Choice

Principles of Financial Planning

Question 2 • Personal Finance - EL3403

_____ are items such as utilities, rent, and food—items that one can’t do without.

Answer
A
Needs
B
Wants
C
Risks
D
Assets

Explanation

Needs are essential items and services that people can’t do without. Utilities, rent, and food are examples of needs, so the correct choice is Needs.

AI-written and checked against the verified answer.

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