3.02 quiz -- fixed expenses

larry and his wife are planning to take a vacation. which payment option would you recommend?

all of the above

when is the best time to go to the grocery store so you can spend the least amount of money?

both on a full stomach and when there are a lot of sales

which option can be considered NOT preparing for a financial emergency?

carrying high balances on credit card

what is the best definition of a fixed variable cost?

expense that you must pay each month but the amount can differ

which expenses stay the same from month to month?

fixed expenses

considering the options given, who is the BEST person to ask about finances?

it depends

to prepare for a health emergency, what is a good way to ensure you will not be faced with huge medical bills?

pay extra for a health plan that pays more for each medical incident

which option is the best example of a good way to use your credit card?

paying your bill off in full each month

which option is the best example of a financial emergency?

sally has to have emergency surgery and will need to pay extra hospital fees.

what is an example of a fixed variable cost?

utility bill