Answer:
<u><em>By means of a budget he prepared.</em></u>
Explanation:
According to the information available, Shing-fong has a carefully thought out strategy. Here's some of what he does;
- he keeps tracks of his finances by means of a budget plan.
- he views all his transactions also checking his debit or credit cards to keep track of how much he spends
- Shing-Fong avoids eating out as much as he used to and preparing cheaper food at home.
- he also avoids unnecessarily spending with friends whenever he is invited.
I was taking the test and tried to look it up. It showed two answers so I guessed with the two answer I had and it was wrong so it’s got to be D
Answer:
The correct answer is letter "A": It earns interest, plus it earns interest on the interest.
Explanation:
In banking, <em>the money individuals save in their accounts is used by the financial institutions in different investment instruments </em>being the most basic lending those sources to other individuals or institutions. Account-holders, though, benefit from the interest rate set at the moment of selecting their bank accounts. If a compounded interest rate was chosen, <em>the account holder will get interest over the interest that the bank computes periodically</em>.