ECONOMICS
MONEY MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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6 months
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8 months
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10 months
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12 months
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Detailed explanation-1: -Budget. A plan that outlines what money you expect to earn or receive (your income) and how you will save it or spend it (your expenses) for a given period of time; also called a spending plan.
Detailed explanation-2: -Budget-A plan for managing money, dividing up expected income and expenses among spending and saving options based on personal financial goals during a given time period.
Detailed explanation-3: -Convenience debt is when you use credit to buy something expensive and pay over a long period of time. A car loan is an example of convenience debt.
Detailed explanation-4: -A comprehensive budget is a compilation of an operating budget. for short-term goals involving recurring items and a capital budget. for long-term goals involving nonrecurring items.