Question

question 6 of 10
a sum of money that is set aside to be spent for a specific purpose is a ______

a. budget
b. utilities
c. housing
d. cost of living

Explanation:

A budget is defined as a sum of money set aside for a specific purpose (allocating funds for various expenses). "Utilities" (B) are services like electricity, "housing" (C) is a living expense category, and "cost of living" (D) refers to overall expense levels in an area. So only "budget" matches the definition.

Answer:

A. budget