Which of the Following Does a Budget Help You Accomplish

question 41

Multiple Choice

Which of the following does a budget help you accomplish?

• A)It allows you to not think about what you spend money on.
• B)It allows you to live above your means.
• C)It forces you to use restraint.
• D)All of the above
• E)None of the above

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Definitions:

Vault Cash

Physical currency held by banks within their vaults, used to meet customer withdrawals and other cash needs.

Primary Reserve

It is the part of a country's reservable deposits held in cash or in deposits with the central bank, used to manage liquidity and fulfill regulatory requirements.

Secondary Reserve

Secondary Reserve includes assets that are not as liquid as primary reserves but can still be quickly converted into cash.

Board of Governors

The leading body of a federal reserve system, overseeing the policy direction and regulatory functions of the central bank.