Which Statement(s) Concerning Cash Is (Are) True

question 162

Multiple Choice

Which statement(s) concerning cash is (are) true?

• A) cash will always have more debits than credits
• B) cash will never have a credit balance
• C) cash is increased with a debit
• D) all are true
• ​

---

Definitions:

Federal Outlays

Government spending or expenditures, including on services, social security, defense, and interest on debt.

Stock Variable

A measurement at a specific point in time, such as the amount of money in a bank account or stock of goods.

Flow Variable

A variable that is measured over a specific period of time, representing dynamic elements of an economy like income or spending.

Federal Budget Deficit

The deficit occurring when government spending surpasses its income in a specific fiscal year.