Are money and income the same thing?
A)No, money is measured at a point in time and income is measured for a period of time.
B)No, money is measured for a period of time and income is measured at a point in time.
C)Yes, they are just measured in different ways.
D)Yes, the only difference is real versus nominal.

Question

Quizplus · Accepted Answer

Money is a specific amount of currency at a certain moment in time, while income is the amount of money earned over a period of time, such as a week, month, or year. For example, someone may have $1,000 in their bank account at a particular moment in time, but their income could be $50,000 per year. Therefore, money and income are not the same thing.

Are Money and Income the Same Thing