A Variable Expense Is

question 16

Multiple Choice

A variable expense is

• A) a one-time expense.
• B) any recurring expense.
• C) an expense that costs the same amount each time you pay it.
• D) an expense that costs a different amount each time you pay it.

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Definitions:

3-Month Note

A short-term financial instrument that matures or is due for payment within three months from the issue date.

Maturity Value

The total amount payable to an investor at the end of a fixed-term investment, including principal and any accrued interest.

Discounted Note

A debt instrument sold for less than its face value that will pay the face value at maturity.