Leroy went shopping today and used his Visa card to buy a new sweater. He wrote a personal check to pay for a new video game. He bought some snack food using cash. Which of these purchases are difficult to track and monitor on his budget?

Question

Quizplus · Accepted Answer

Cash transactions are difficult to track and monitor on a budget because they don't leave a paper trail. Leroy's snack food purchase was made with cash, therefore it is the most difficult to keep track of. The other purchases, the sweater and video game, were made with a credit card and personal check, respectively, meaning there is a record of the transactions that can be monitored on his budget.

Leroy Went Shopping Today and Used His Visa Card to Buy