Identify Each of the Following Actions as Representing Either Saving

question 148

Essay

Identify each of the following actions as representing either saving or investment.
a. Fred uses some of his income to buy government bonds.
b. Julie takes some of her income and buys mutual funds.
c. Alex hires a contractor to add two additional examination rooms to his dental office using borrowed funds.
d. Elaine uses some of her savings to buy stock for her new clothing boutique.
e. Henrietta hires a builder to construct a new home using borrowed funds.

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Definitions:

Plug Into

To connect or become involved with something or someone in a direct or significant way.

Computer

An electronic device capable of processing information according to a set of instructions, used for a wide range of tasks.

Turn Off

To stop the operation or function of a device, system, or machine by manipulating a control, switch, or mechanism.

Computer

A device that processes, stores, and retrieves information through logical operations and sequences.