How Is the 80-10-10 Rule Divided

question 2

Multiple Choice

How is the 80-10-10 rule divided?

• A)Save 80%,live on 10%,give away 10%
• B)Give away 80%,save 10%,live on 10%
• C)Live on 80%,save 10%,invest 10%
• D)Live on 80%,save 10%,give away 10%

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Definitions:

Comparative Advantage

The ability of an entity to produce a good or service at a lower opportunity cost than others, promoting trading benefits.

Trade Patterns

The trends and regularities observed in international trade, including what goods and services are traded, and with which partners countries trade.

Tight Money Policy

A monetary policy strategy aiming to reduce the money supply in the economy to control inflation or stabilize the currency.

Interest Rates

The amount charged, expressed as a percentage of principal, by a lender to a borrower for the use of assets.