Which of the Following Income Sources Is the Consumer Most

question 48

Multiple Choice

Which of the following income sources is the consumer most likely to value highest?

• A) Funds obtained from gifts
• B) Funds obtained from gambling
• C) Funds obtained from work
• D) Funds obtained from tax rebates
• E) Funds obtained from bank interest

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Definitions:

T-Bill

Short-term government debt security with a maturity of less than one year.

Simple Interest

A method of calculating interest where it is applied only to the principal amount, not on the accumulated interest.

Profit

The financial gain obtained when revenue from business activities exceeds the expenses, costs, and taxes involved in operating.

Simple Interest

An interest calculation method where the charge is based on the original principal amount, unaffected by the added interest.