Answered

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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

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