Memory accounting for recent spending is known as _____.
A) mental budgeting
B) formal budgeting
C) informal budgeting
D) ad-hoc budgeting
E) situational budgeting

Question

Quizplus · Accepted Answer

Memory accounting involves keeping a mental record of recent spending. It is a form of informal budgeting where one tracks their spending without using a formal budgeting tool. Therefore, the best choice is A, mental budgeting.

Memory Accounting for Recent Spending Is Known as _____