Which of the following is a TRUE statement?
A)Money and income are flow variables.
B)Money is a flow variable.
C)Income is a flow variable.
D)Money and income are stock variables.

Question

Quizplus · Accepted Answer

Income is a flow variable because it is measured over a period of time, indicating how much money is received or earned within that timeframe. Money, however, is considered a stock variable because it represents a quantity measured at a particular point in time, such as the amount of money held in a bank account.

Which of the Following Is a TRUE Statement