Nick Boss Has a Savings Account with $550 in It

question 10

Multiple Choice

Nick Boss has a savings account with $550 in it.He knows that he can withdraw this money whenever he wishes.This would be an example of:

• A)money management.
• B)a personal possession.
• C)a limited asset.
• D)a liquid asset.
• E)net worth analysis.

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Definitions:

Production Quota

A limit set on the amount of goods that can be produced, often used by governments to control supply and stabilize market prices.

Support Price

A price level set by governments in order to stabilize or increase prices of specific goods by buying up the supply or providing subsidies.

Demand Curve

A graphical representation showing the relationship between the price of a good and the amount of that good consumers are willing to buy.

Support Price

A price level set by governments in order to maintain the market price of a good or service at a particular minimum level to protect producers.