The Largest Category for the Cost of Raising a Child

question 71

Multiple Choice

The largest category for the cost of raising a child from birth to age seventeen is:

• A) clothing.
• B) transportation.
• C) health care.
• D) housing.

---

Definitions:

Maturity

The date on which the principal amount of a loan, bond, or other financial instrument becomes due and is repaid to the investor.

Interest Rate

The cost of borrowing money or the return earned on an investment, usually expressed as a percentage of the principal.

Equity Financing

The method of raising capital through the sale of shares in a company, which gives shareholders ownership rights.

Shareholders

Individuals or entities that own shares in a corporation, giving them a part of the ownership of the company and potentially a claim on part of its assets and earnings.