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Questions and Answers
Which category do insurance premiums, credit card interest, and doctor's fees fall under?
Which category do insurance premiums, credit card interest, and doctor's fees fall under?
- Necessities (correct)
- Products
- Luxury goods
- Price
What do insurance premiums, credit card interest, and doctor's fees represent?
What do insurance premiums, credit card interest, and doctor's fees represent?
- Market prices
- Consumer goods
- Costs of essential services (correct)
- Luxurious expenditures
What type of expenses are insurance premiums, credit card interest, and doctor's fees?
What type of expenses are insurance premiums, credit card interest, and doctor's fees?
- Non-discretionary expenses (correct)
- Variable expenses
- Discretionary expenses
- Fixed expenses
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