Wealth equals
A) current income minus spending on current needs.
B) assets minus liabilities.
C) saving minus investment.
D) investment minus saving.
E) current income minus liabilities.
Correct Answer:
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Q6: Vickie earns $1,000 per week and spends
Q7: Which of the following is a liability
Q8: The debts one owes are called
A) assets.
B)
Q9: Current income minus spending on current needs
Q10: Sam has the following assets and liabilities:
Q12: Assets minus liabilities equal
A) saving.
B) investment.
C) wealth.
D)
Q13: Which of the following is an asset
Q14: Which of the following is an asset
Q15: Which of the following is a liability
Q16: Vickie earns $1,500 per week and spends
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