The debts one owes are called:
A) asset.
B) liability.
C) capital loss.
D) investment.
Correct Answer:
Verified
Q2: Wealth equals:
A)current income minus spending on current
Q9: Assets are:
A)current income minus spending on current
Q10: Pat earns $1,000 per week and spends
Q12: Which of the following is a liability
Q15: Jordan has the following assets and liabilities:
Q16: Which of the following is a liability
Q19: Which of the following is an asset
Q20: Saving equals:
A)current spending minus current income.
B)wealth minus
Q21: The flow of _ increases the stock
Q27: Saving is a(n)_ and wealth is a(n)_.
A)stock;
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