Question

Which of the following should you consider when making a significant purchase?

A) Your buying motives

B) If you can't pay with cash, don't buy it

C) The opportunity cost

D) All of the Above


C

D

A

B

Answer 1

D — All of the above.

You should assess your buying motives, weigh the opportunity cost (what else you could do with the money), and be cautious about purchases you can’t pay cash for (avoiding unnecessary debt or high-interest financing).