Autonomous Consumption Is

question 290

Multiple Choice

Autonomous consumption is

• A)that part of consumption that rises or falls with changes in disposable income.
• B)the minimum that people will spend even if disposable income is zero.
• C)the amount people will spend when the C line crosses the 45-degree line.
• D)the amount people will spend when income is equal to consumption.

---

Definitions:

Payment of a Voucher

The process of issuing money in return for a voucher that proves an expense has been incurred.

Bank Reconciliation

The process of matching and comparing figures from accounting records against those presented on a bank statement.

Outstanding Checks

Checks that have been written and recorded in the issuing account but have not yet been cashed or cleared by the bank.

Company's Accounts

Financial records that detail the financial transactions, assets, liabilities, and equity of a company.