Chris Earns $1,500 Per Week and Spends $1,000 Per Week

question 109

Multiple Choice

Chris earns $1,500 per week and spends $1,000 per week on living expenses, puts $200 in a savings account, and buys $300 worth of shares in a stock mutual fund. Chris's saving is ________, and Chris's saving rate is ________.

• A)$200; 13.3 percent
• B)$200; 20.0 percent
• C)$300; 20.0 percent
• D)$500; 33.3 percent

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Definitions:

Motivational CQ

The level of cultural intelligence related to motivation, including the drive and interest to adapt to multicultural situations.

Conservative Traditions

Practices and beliefs that emphasize preserving existing social norms and values against substantial changes.

Personal Space

The physical area surrounding an individual that is considered personal territory, which others are typically not expected to intrude upon without consent.

Divisiveness

The tendency or characteristic of causing disagreement, discord, or splitting groups into opposing factions.