Steve Takes $500 from His Paycheck and Uses It to Purchase

question 119

Multiple Choice

Steve takes $500 from his paycheck and uses it to purchase U.S. Savings Bonds. Based on this information:

• A)Steve's saving has increased by $500.
• B)Steve's saving has decreased by $500.
• C)Steve has a capital gain of $500.
• D)Steve's wealth is unchanged.

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Definitions:

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