A Budget Is

question 94

Multiple Choice

A budget is

• A) a record of income and purchases from the previous year.
• B) a plan for spending and earning money.
• C) only necessary for individuals with low incomes.
• D) only necessary for countries suffering from financial crises.
• E) required to be balanced by Congress.

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Definitions:

System

A set of principles or procedures according to which something is done; in mathematics, often refers to a set of equations or inequalities.

Elimination

A method used in algebra to solve systems of equations by removing variables to find their values.

Linear Equations

Equations between two variables that produce a straight line when graphed on a Cartesian coordinate system.

Method Of Elimination

A technique for solving systems of equations by adding or subtracting the equations to eliminate one of the variables.