If Your Monthly Expenses Total $2,000,you Should Save at Least

question 147

Multiple Choice

If your monthly expenses total $2,000,you should save at least _______ in an emergency fund before focusing on your investment portfolio.

• A)$1,000
• B)$2,000
• C)$4,000
• D)$6,000
• E)$8,000
• F)$10,000

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Definitions:

Trade Surplus

A trade surplus occurs when a country exports more goods and services than it imports, indicating a positive balance of trade.

Goods

Tangible items that are produced or manufactured and can be bought, sold, or traded.

Services

Intangible products that are produced and consumed at the same time, offering value without transferring ownership.

Free Trade

International trade left to its natural course without tariffs, quotas, or other restrictions.