Which of the Following Accounts Is Decreased by a Debit

question 102

Multiple Choice

Which of the following accounts is decreased by a debit entry?

• A)unearned revenue
• B)prepaid insurance
• C)cash
• D)insurance expense

Interpret graphical data and understand the implications of different slopes.

Distinguish between normative and positive statements in economics.

Identify the roles and responsibilities of economists in various governmental departments.

Recognize the appropriate graphical representation for different types of economic data.

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Definitions:

Risk Premium

The extra return above the risk-free rate that investors demand as compensation for the risk of an investment.

Systematic Risk

The risk inherent to the entire market or market segment, unavoidable through diversification.

Security Market Line

A line that represents the relationship between the risk of an investment and its expected return, based on the capital asset pricing model (CAPM).

Risk-Free Rate

The theoretical rate of return on an investment with no risk of financial loss, often represented by government bonds.