The difference between money and income is that whereas income is an individual's
A)flow of earnings over a period of time, money is an individual's stock of currency and currency substitutes.
B)stock of all assets, money is an individual's stock of currency and currency substitutes.
C)flow of earnings over a period of time, money is an individual's stock of all assets.
D)stock of currency and currency substitutes, money is an individual's stock of all assets.

Question

Quizplus · Accepted Answer

Income refers to the flow of earnings over a period of time, while money refers to an individual's stock of currency and currency substitutes. Assets, on the other hand, refer to all items owned by an individual, both tangible and intangible, that have value and can be converted into cash. Therefore, option A is the most accurate distinction between money and income.

The Difference Between Money and Income Is That Whereas Income