10
QuizMultiple Choice

Budgeting and Being a Smart Consumer(CFA1)

Question 10 • General Financial Literacy - Brinkerhoff - 2000 - 2026/27

The Chambers family has a net monthly income of $6,500.If the family decides to reduce its clothing budget by $200 a month, how much will the new clothing budget be? Round to the nearest dollar.

Question illustration
Answer
A
$161
B
$853
C
$970
D
$1,170