George Green has determined that the amount of money he spends on his mortgage payment,car loan payment,and home insurance payment totals $1,200 every month.What type of expenses has George determined with this calculation?

Question

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George's calculation of his monthly expenses for mortgage payment, car loan payment, and home insurance payment represents fixed expenses. These are costs that do not change from month to month, unlike variable expenses which can fluctuate.

George Green Has Determined That the Amount of Money He