Whenever You Write a Check or Make a Deposit, an Entry

question 53

Multiple Choice

Whenever you write a check or make a deposit, an entry should be made in your:

• A)deposit slip.
• B)checkbook ledger.
• C)overdraft booklet.
• D)balance sheet.
• E)personal check.

---

Definitions:

Autonomous Consumption

Consumer spending that does not change in response to fluctuations in income, reflecting basic, non-discretionary expenditures.

Disposable Income

The funds set aside by households for spending and saving after income tax subtractions.

APC

Average Propensity to Consume, which refers to the percentage of income that an individual or group spends on consumer goods and services as opposed to saving.

Japan

A country located in East Asia, known for its rich culture, technological advancements, and as the world's third-largest economy by nominal GDP.