Raymond Has $1000 in Gross Salary Every Month

question 118

Multiple Choice

Raymond has $1000 in gross salary every month. If he wants to save $200 per month based on his budget by using the pay yourself first method, Raymond should

• A)transfer $800 from his chequing account to his savings account.
• B)put $200 into his savings envelope first thing each month.
• C)transfer $200 from his chequing account to his savings account.
• D)transfer $800 from his savings account to his investment accounts.

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Definitions:

Ethical Society

An organization or community dedicated to promoting ethical principles and fostering ethical behavior among its members and in society at large.

Government Role

The responsibilities and activities undertaken by a government, which may include legislation, administration, and the implementation of public policy.

Rawls

Philosopher known for his theory of justice as fairness, which argues for a societal structure that balances liberty and equality.

Rawlsian Fairness

A concept derived from John Rawls' theories, focusing on the principles of justice that ensure fairness in societies by prioritizing the rights and needs of the least advantaged.