In the Month of May Kayak Company Inc

question 47

Multiple Choice

In the month of May Kayak Company Inc. wrote checks in the amount of $81000. In June checks in the amount of $112000 were written. In May $77000 of these checks were presented to the bank for payment and $96000 in June. What is the amount of outstanding checks at the end of May?

• A) $4000
• B) $16000
• C) $19000
• D) $31000

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Definitions:

Automatic Stabilizers

Economic policies and programs designed to offset fluctuations in a nation's economic activity without intervention by the government or policymakers.

Recessions

Times of short-term economic downturn characterized by decreased trade and industrial output, typically marked by a reduction in Gross Domestic Product (GDP) over two consecutive quarters.

Stimulus Bill

Legislation designed to boost economic growth and stimulate the economy during downturns, typically through government spending and tax cuts.

Net Exports

The difference between a country's total value of exports and total value of imports.