_____ is a stock measure of an individual's or household's assets and net liabilities, at a given point in time.
a. Wealth
b. An asset
c. Assets, wealth, and income are all stock measures.
d. Income
Answer: a. Wealth
Economics
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A scatter diagram with the price of vacations to Mexico on the vertical axis and the price of vacations to California on the horizontal axis shows a positive relationshi
A) negative relationship, also called a direct relationshi
Economics
Assume a bank has $200 million of assets with a duration of 2.5, and $190 million of liabilities with a duration of 1.05. The duration gap for this bank is
A) 0.5 year. B) 1 year. C) 1.5 years. D) 2 years.
Economics