Using Felicia's budget shown here, choose the statements that are FACTUALLY ACCURATE. Felicia is saving about 17% of her take-ho
me pay. Felicia could save hundreds of dollars each month by eating more meals at home. Felicia is not saving enough money. All of Felicia's expenses are "Fixed" expenses. If the cost of housing rises, Felicia will have to move to a less-expensive place. "Utilities" and "Gasoline" are "Variable" expenses.
Usually all banks lend money to their customers at a very higher rate than they pay to depositors or than they borrow it. The difference in this process is known as the margin or turn which is kept by the bank. For example, if a bank pays 1% interest on deposits, then they may charge 6% interest on loans. That is why option C is the correct answer.