Matthew Is Concerned About His Ability to Save Money Regularly

question 18

Multiple Choice

Matthew is concerned about his ability to save money regularly and has prepared a budget.Which of the following budget classifications would be most appropriate for Matthew's budget?

• A)Savings withheld from income and deposited directly to savings
• B)Savings as a fixed expenditure
• C)Savings as a variable expenditure
• D)Saving whatever may be left over

---

Definitions:

Dependent Party

An individual or entity that relies on another for support, often used in legal contexts to determine responsibilities or benefits.

Trust

A fiduciary relationship in which one party, known as a trustee, holds property or assets for the benefit of another party, the beneficiary.

Relationship

The way in which two or more concepts, objects, or people are connected, or the state of being connected or related.

Assent

Agreement or approval, typically given willingly by a person who possesses the capacity to form intent.