3
QuizMultiple Choice

Unit Test — Unit test

Question 3 • 2026 VA Economics and Personal Finance - IC

Each of the following is an example of a fixed expense EXCEPT:

Answer
A
mortgage
B
gasoline
C
car insurance
D
car payment

Explanation

A fixed expense generally stays the same from month to month, such as a mortgage, car insurance premium, or car payment. Gasoline costs vary depending on how much you drive, so it is not a fixed expense. The correct choice is gasoline.

AI-written and checked against the verified answer.