Answered

Welcome to Westonci.ca, your go-to destination for finding answers to all your questions. Join our expert community today! Get detailed and accurate answers to your questions from a dedicated community of experts on our Q&A platform. Connect with a community of professionals ready to help you find accurate solutions to your questions quickly and efficiently.

What condition exists if you have a monthly spending deficit? You have an outstanding debt, such as a student loan, mortgage, or car loan. You're not generating as much income per month as you planned for. Your monthly income exceeds the amount of money you spend. Your monthly expenses are greater than your monthly income.​

Sagot :

Samawati

Answer:

Your monthly expenses are greater than your monthly income.​

Explanation:

A deficit means having a shortage. If one has a monthly spending deficit, it implies the expenses are more than the income. A deficit arises when the budgeted expenditure is more than the income.

A deficit contrasts with a surplus, which is a situation when one has more money than the planned expenses. In a surplus, one has an excess of money, but in a deficit, one has insufficient amounts to meet all expenses.

Answer:  

Your monthly expenses are greater than your monthly income.

Explanation: Took the test

We hope you found this helpful. Feel free to come back anytime for more accurate answers and updated information. We hope you found what you were looking for. Feel free to revisit us for more answers and updated information. Your questions are important to us at Westonci.ca. Visit again for expert answers and reliable information.