A Household Deficit Represents

question 1

Multiple Choice

A household deficit represents

• A)a decrease in real wages.
• B)the unimportance of inflation.
• C)a limited use of credit.
• D)an interest by economists in the finances of everyday Americans.
• E)all of these choices

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Definitions:

Accounts Receivable

Debt that customers hold towards a business for received goods or services which remain unpaid.

Cash Sales

Transactions in which the buyer pays the seller immediately with cash or other forms of immediate payment.

Average Collection Period

The average number of days it takes for a company to receive payments owed by its customers.

Accounts Receivable

Money owed to a business by its clients or customers for goods or services delivered but not yet paid for.