If You Do Not Budget for Unexpected Expenses,you Will Likely

question 58

Multiple Choice

If you do not budget for unexpected expenses,you will likely experience

• A)cash shortages.
• B)an increase in your emergency fund.
• C)an increase in assets.
• D)chronic stress-related issues.

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Definitions:

Bananas

A long, curved fruit with a yellow skin and soft, sweet, white flesh inside, commonly eaten as a snack or used in culinary dishes.

Utility Function

A mathematical representation that quantifies the satisfaction or happiness an individual derives from consuming goods and services.

Budget Constraint

A budget constraint represents the limits imposed on household choices by income, wealth, and commodity prices.

Income

Earnings acquired regularly through employment or investment returns.