American_Bankers_Association
CTFA · Question #53
CTFA Question #53: Real Exam Question with Answer & Explanation
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Question
Even if, the annual balances, in certain months expenses may exceed income, causing a monthly budget deficit. Likewise, a surplus occurs when income in some months exceed expenses. It remedy may be:
Options
- AShift expenses from months which budget, deficits to months with surpluses for, (or alternatively,
- BUse savings, investments, or borrowing to cover temporary deficits
- CEstimate genuine expenses
- DPay off your credit card
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