Elaine owns a beautiful diamond ring she purchased for $2,500.When she has it appraised,she learns 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 a $500 capital gain.
D) Elaine has a $500 capital loss.
E) Elaine's wealth is unchanged.
Correct Answer:
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Q34: Saving is a(n)_ and wealth is a(n)_.
A)
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Q38: The change in wealth during a period
Q40: Capital losses are
A) decreases in the flow
Q41: A flow is a measure defined
A) per
Q42: The benefit of saving is the
A) nominal
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