7
lesson pretestMultiple Choice

Pretest

Question 7 • Economics

To create a balanced budget, one must make sure to

Answer
A
spend less than or equal to income.
B
spend as little as possible.
C
pay off debts first.
D
pay credit card payments first.

Explanation

A balanced budget means your total spending does not exceed your income. In other words, spend less than or equal to what you earn. Spending as little as possible or paying certain bills first may help with budgeting, but neither defines a balanced budget.

AI-written and checked against the verified answer.

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