Four of the Five Statements Below Contain a Stock and a Flow

question 22

Multiple Choice

Four of the five statements below contain a stock and a flow. Which statement describes ONLY stock variables OR flow variables?

• A)The Canadian Federal government has a debt of approximately $450 billion and an annual deficit of over $25 billion dollars.
• B)Nancy spends $400 per month on her credit card and has a balance owing of $2567.
• C)Chris earns $1500 per month and has $4 000 in his savings account at the bank.
• D)Country X spends an average of $1 million per year for flood relief and has an emergency services fund of $20 million.
• E)The Transit Authority of Mytown collects $22 000 in fares per day and has an operating budget of $2 million per year.

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Definitions:

Important Customer

A customer considered valuable to a business due to factors like frequent purchases, high order value, or strategic significance, warranting special attention or service.

Product vs. Service

A comparison between tangible items (products) and intangible activities (services) offered in the market.

Chicken

A type of poultry and common domesticated fowl, widely consumed as meat and eggs across the globe.

Chef

A professional cook, often the head of a kitchen, who is responsible for preparing meals in restaurants or other establishments.