Which of the Following Statements Reflects the Fluid Quality of Income

question 17

Multiple Choice

Which of the following statements reflects the fluid quality of income?

• A)It is very difficult to quantify.
• B)It flows in the form of paychecks and flows out as bills are paid and daily expenses are met.
• C)U.S.household incomes have largely stagnated over the past decades.
• D)It is illiquid, meaning that it is logistically difficult to transform into cash.

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Definitions:

Honor

A principle that drives individual conduct to embody integrity, respect, and ethical behavior.

Certify

To officially acknowledge or attest to the truth, accuracy, or authenticity of something through documentation.

Dishonored

A term used to describe a financial instrument, like a cheque or promissory note, that has been presented for payment but was refused.

Insufficient Funds

A situation where one's bank account does not have enough money to cover transactions.