On April 1, Martha Opens a Joint Bank Account with Ned

question 25

Multiple Choice

On April 1, Martha opens a joint bank account with Ned and deposits $1,000. Ned deposits $500 into the account on April 2. On May 2, Martha withdraws $750. Two days later, Ned withdraws $600.

• A)Martha has made a gift to Ned of $100.
• B)Ned has made a gift to Martha of $500.
• C)Martha has made a gift to Ned of $600.
• D)Martha has made a gift to Ned of $1,000.

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Definitions:

Hub

The central part of a wheel that connects it to the axle, bearing the load and allowing it to rotate.

Drum Brakes

A type of braking system using brake shoes pressed outward against a rotating drum to slow or stop a vehicle.

Disc Brakes

A type of brake that slows or stops a vehicle by squeezing brake pads against a disc or rotor attached to the wheel.

Brake Fade

A reduction in the braking power of a vehicle, often due to overheating of the brake components during heavy use.