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Financial Responsibility

Question 1 • Personal Finance - EL3403

The question “What will I have to give up?” relates to .

Answer
A
net cost
B
future benefit
C
immediate cost

Explanation

Asking “What will I have to give up?” focuses on the cost of making a choice. Of the choices listed, immediate cost is the one that refers to what you must pay or give up now. A future benefit is something you may gain later, not what you give up.

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