Which One of the Following Presents a Summary of Income

question 92

Multiple Choice

Which one of the following presents a summary of income and outflows for a period of time?

• A) Balance sheet
• B) Bank statement
• C) Investment summary
• D) Cash flow statement
• E) Asset report

---

Definitions:

Net Demander

An entity or individual that consumes or requires more of a good or service than they produce or provide.

Inferior Good

A type of good for which demand decreases as the income of the consumer increases, contrary to what happens with a normal good.

Net Supplier

An entity that provides more of a good or service to the market than it consumes from it.

Normal Good

A category of product that sees a rise in demand as the consumer's income grows, indicating a direct correlation between income levels and demand.