Kris wants to purchase a house. She buys newspapers to read the classified advertisements and spends her evenings with realtors looking at houses. Kris has incurred the ________ costs of making a purchase.

Question

Quizplus · Accepted Answer

Kris has incurred transaction costs, which are the costs associated with the process of buying a house, such as searching for information and spending time with realtors.

Kris Wants to Purchase a House