61 #
© 2014 Pearson Canada Inc.#
The total collection of pieces of property that serve to store value is a person's ____.
A) wealth
B) income
C) money
D) credit
Answer: A
Diff: 1 Type: MC Page Ref: 47
Skill: Recall
Objective List: 3.1 Describe the meaning of the word money
____ is used to make purchases while ____ is the total collection of pieces of
property that serve to store value.
A) Money; income
B) Wealth; income
C) Income; money
D) Money; wealth
Answer: D
Diff: 1 Type: MC Page Ref: 47
Skill: Recall
Objective List: 3.1 Describe the meaning of the word money
____ is a flow of earnings per unit of time.
A) Income
B) Money
C) Wealth
D) Currency
Answer: A
Diff: 1 Type: MC Page Ref: 47
Skill: Recall
Objective List: 3.1 Describe the meaning of the word money
An individual's annual salary is her ____.
A) money
B) income
C) wealth
D) liabilities
Answer: B
Diff: 1 Type: MC Page Ref: 47
Skill: Recall
Objective List: 3.1 Describe the meaning of the word money