Question

1. Liabilities are amounts you_____.

Answer 1

1. Liabilities are amounts you owe. The answer to your question is A. 

2. From those aforementioned, the one that can potentially increase your savings reduce discretionary spending. The answer to your question is C. 

I hope that this is the answer that you were looking for and it has helped you.

Answer 2

Answer:

1. A. owe

2.C. reduce discretionary spending

Explanation:

1. Liabilities are the obligations (amount owed) of a person or an entity as a result of a past event for which future economic resources such as cash will flow out of the person or entity. Debts is a good example of liabilities.

2. Options A, B and D will reduce savings as savings is a function of the disposal income available and the disposal income is a function of the income and expense.

Therefore, the right option is C. reduce discretionary spending.