Consumption Spending Comprises What Percentage of Total Spending

question 29

Multiple Choice

Consumption spending comprises what percentage of total spending?

• A)0.7 percent
• B)7 percent
• C)70 percent
• D)700 percent

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Definitions:

Transactions

Financial activities involving the exchange of assets, services, or financial instruments between parties.

Transactions

The financial events that affect the financial statements of a business, involving transfers or exchanges of value between two parties.

Current Ratio

An indicator of a business's capacity to meet its obligations due in the next twelve months.

Calculated

Determined by mathematical methods; involving the process of using mathematical or logical techniques to derive a result.