You earn $500 a month, currently have $200 in currency, $100 in your checking account, $2,000 in your savings accounts, $3,000 worth of illiquid assets and $1,000 of debt. You have

A) money = $300, annual income = $6,000, and wealth = $5,000.
B) money = $2,300, annual income = $6,000, and wealth = $5,000.
C) money = $300, annual income = $6,000, and wealth = $4,300.
D) money = $200, annual income = $500, and wealth = $4,300.

C

Economics

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In both monopolistic competition and perfect competition,

A) firms sell identical products. B) there is easy entry and exit. C) firms are price takers. D) firms face horizontal demand curves. E) the marginal revenue curve and the demand curve are the same.

Economics

What makes something money? What functions does money perform? Why do you think packs of chewing gum don't serve as money?

What will be an ideal response?

Economics