Which Product Below Is Likely Purchased Using Discretionary Income

question 39

Multiple Choice

Which product below is likely purchased using discretionary income?

• A)grocery bill for milk
• B)condo fees
• C)a new watch
• D)a new suit for work

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Definitions:

Invest

The act of allocating resources, usually money, with the expectation of generating an income or profit.

Money Order

A certificate of guaranteed payment, which may be purchased from a bank, a post office, or some convenience stores.

Daily Log

A record kept every day, detailing activities, observations, or the progress of a project or health condition.

Ledger Card

A card or digital record used in accounting to record transactions affecting a particular account.