6 Questions
Which of the following is an example of a fixed expense?
Electricity bill
Which of the following is an example of a variable expense?
Phone bill
Which of the following is a characteristic of fixed expenses?
They are essential for survival
Match the following expenses with their type (fixed or variable):
Rent = Fixed expense Electricity bill = Variable expense Internet subscription = Fixed expense Groceries = Variable expense
Match the following with their expense type (fixed or variable):
Car insurance = Fixed expense Gas for car = Variable expense Mortgage = Fixed expense Dining out = Variable expense
Match the following with their type of expense (fixed or variable):
Gym membership = Fixed expense Clothing = Variable expense Phone bill = Fixed expense Vacation = Variable expense
Test your knowledge of fixed and variable expenses with this quiz! Identify examples of each type of expense and determine the characteristics of fixed expenses. Challenge yourself and become a financial expert!
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