Elaine owns a beautiful diamond ring she purchased for $2,500. When she has it appraised she learns that it is now worth $3,000. Based on this information:
A) Elaine's saving this year has increased by $500.
B) Elaine's saving this year has decreased by $500.
C) Elaine has experienced a $500 capital gain.
D) Elaine's wealth is unchanged.
Correct Answer:
Verified
Q26: Steve uses $300 from his paycheck to
Q27: Saving is a(n)_ and wealth is a(n)_.
A)stock;
Q28: A measure defined at a point in
Q29: The stock of wealth increases more rapidly
Q30: Capital gains are:
A)increases in the flow of
Q32: A flow is a measure defined:
A)per unit
Q33: A stock is a measure defined:
A)per unit
Q34: Jordan has the following assets and
Q35: If Gerry saves $500 per month, then
Q36: Which of the following is a flow?
A)Saving
B)Wealth
C)Assets
D)Money
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