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Questions and Answers
What type of expenditure includes spending on rent or mortgage?
What type of expenditure includes spending on rent or mortgage?
Which of the following is an example of current expenditure?
Which of the following is an example of current expenditure?
Which type of expenditure is characterized by irregular changes and is not a necessity?
Which type of expenditure is characterized by irregular changes and is not a necessity?
What type of expenditure would purchasing a bike be classified as?
What type of expenditure would purchasing a bike be classified as?
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Which of the following best defines capital expenditure?
Which of the following best defines capital expenditure?
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Study Notes
Types of Expenditure
- Fixed income: Expenditure that stays the same each month, like rent or mortgage.
- Irregular expenditure: Expenditure that changes and is not a necessity.
- Current expenditure: Daily spending for a household, such as fuel, medication, education, transportation, and food.
- Capital expenditure: Spending on items for a household that are bought once, such as computers/technology, furniture, entertainment, property, bikes, or new shoes.
Capital
- Capital represents more money.
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Description
Test your understanding of the different types of expenditure, including fixed, irregular, current, and capital expenditures. This quiz will help clarify these concepts and their impact on household budgeting. Ideal for those looking to enhance their financial literacy.
