Reconciling a Checking Account Is

question 8

Multiple Choice

Reconciling a checking account is

• A)not necessary because the bank never makes a mistake.
• B)complicated and difficult to do.
• C)not necessary because you can check your balance online and on ATM receipts.
• D)something that everyone should do.

---

Definitions:

Marginal Propensity

The additional amount that people consume or save when they receive an extra dollar of income.

Simple Spending Multiplier

A ratio that estimates the impact on aggregate output (or income) of a change in autonomous spending.

Net Taxes

The total taxes paid by an individual or business minus any government subsidies or refunds received.

Federal Government Spending

Expenditure by the national government on goods, services, and public projects to influence a nation's economy.