Billy has decided to put $25 more per week in his savings account. He knows this will reduce his ability to go out to eat each week but thinks building his savings is important. Thiswould be an example of O A budget variance An opportunity cost A liquid asset ONet worth Question 9 Jim has a savings account with $550 in it. He knows that he can withdraw this money from his savings account whenever he wishes. This would be an example of Aliquid asset A long-term investment Net worth O Money management 0 Question 10 A personal balance sheet: predicts income and expenses. reports what an individual or a family owes and owns. analyzes debt payment activities. analyzes spending habits