Which of the Following Is Not a Type of Decision

question 4

Multiple Choice

Which of the following is not a type of decision to manage your liquidity?

• A)Deciding how much money to keep in savings
• B)Choosing between credit cards
• C)Determining how much money to save versus how much to spend
• D)Building and maintaining a monthly/yearly budget with allocations to expenses and investments

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Definitions:

Utilities

Services provided to the public or households such as water, electricity, natural gas, sewage treatment, and telecommunications, often subject to government regulations and possibly eligible for tax deductions in certain business contexts.

Rental Expenses

Costs incurred in the operation, maintenance, and improvement of a property rented out, which can often be deducted for tax purposes.

Deductible

The amount paid out of pocket by the policyholder before an insurance company pays a claim.

Personal/Rental

Refers to properties or items that are used both for personal purposes and rented out for income, requiring specific tax treatment for the income and expenses.