Question 18 A) Which is an example of a fixed expense? (1 point) Responses monthly grocery bill monthly grocery bill line of credit payments line of credit payments ATM withdrawal fees ATM withdrawal fees digital entertainment subscriptions digital entertainment subscriptions

Answer 1

line of credit payments

Answer 2

Question 19 A) Which is an example of a variable expense? (1 point) Responses rent payments rent payments clothing expenses clothing expenses health insurance premiums health insurance premiums student loan payments student loan payments

Answer 3

clothing expenses

Answer 4

Question 20 A) Which determines a person’s basic financial position? (1 point) Responses the combination of their earned and unearned income the combination of their earned and unearned income the amount budgeted for their variable expenses the amount budgeted for their variable expenses the difference between their income and expenses the difference between their income and expenses the total amount of investments and savings the total amount of investments and savings

Answer 5

the difference between their income and expenses