Once You Have Set Up a Budget and Handled Your

question 192

Multiple Choice

Once you have set up a budget and handled your ordinary expenses, the first thing to do with any extra money you have is to

• A) start a savings plan.
• B) pay off your debts.
• C) start your own business.
• D) spend it on the things you would like but that aren't included in your budget.

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Definitions:

Standard Of Living

The quantity of financial wealth, ease of living, possessions in material form, and required sustenance for a certain socioeconomic sector or geographic locale.

Government Policies

Strategies and decisions made by governmental bodies to guide public administration and achieve particular outcomes.

Equality

The state or condition of being equal, especially in status, rights, and opportunities.

Efficiency

The optimal allocation of resources in a manner that maximizes output or outcomes.