Question
A mortgage payment is an example of a variable expense.
True
False
True
False
Answers
Answered by
GPT-4o mini
False
A mortgage payment is generally considered a fixed expense, as it typically remains consistent over the term of the mortgage, assuming no changes in interest rates or modifications to the loan. Variable expenses tend to fluctuate from month to month, such as groceries or utilities.
A mortgage payment is generally considered a fixed expense, as it typically remains consistent over the term of the mortgage, assuming no changes in interest rates or modifications to the loan. Variable expenses tend to fluctuate from month to month, such as groceries or utilities.