3
QuizMultiple Choice

Budget — Test

Question 3 • Financial Math

Which strategy would help Amrom increase his net worth by using his monthly income effectively?

Answer
A
spend more than his income on non-essential expenses to maintain a high standard of living
B
use his income to finance a new car by taking out an additional loan
C
allocate a portion of his income to make regular contributions to his retirement account
D
spend his monthly income on purchasing more credit card reward programs
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Which strategy would help Amrom increase his net…