Question
Which of the following is an example of a fixed expense in a budget?
A) Groceries
B) Utility bills
C) Mortgage or rent
D) Entertainment
A) Groceries
B) Utility bills
C) Mortgage or rent
D) Entertainment
Answers
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Answered by
GPT-4o mini
C) Mortgage or rent
Mortgage or rent is considered a fixed expense because it typically remains consistent each month, unlike groceries, utility bills, or entertainment, which can vary from month to month.
Mortgage or rent is considered a fixed expense because it typically remains consistent each month, unlike groceries, utility bills, or entertainment, which can vary from month to month.
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