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Needs vs. wants

Economics & Finance · Personal finance — budgeting

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About this practice set

Needs vs. wants is a Economics & Finance quiz (Personal finance — budgeting) with 5 multiple-choice questions. Pick an answer and read the explanation that follows.

What you will be asked

  • Which is typically a need?
  • Which is a want?
  • Wants are:
  • Categorising spending helps:
  • A need can become a want when: