The Difference Between Money and Income Is That Whereas Income

question 14

Multiple Choice

The difference between money and income is that whereas income is an individual's

• A)flow of earnings over a period of time, money is an individual's stock of currency and currency substitutes.
• B)stock of all assets, money is an individual's stock of currency and currency substitutes.
• C)flow of earnings over a period of time, money is an individual's stock of all assets.
• D)stock of currency and currency substitutes, money is an individual's stock of all assets.

---

Definitions:

Jurisdiction

The authority given to a legal body to govern or legislate over a certain geographical area or type of legal case.

Parties

Entities or persons who enter into a legal agreement or contract.

Civil Action

A lawsuit brought to enforce, redress, or protect private rights.

Mediation

A method of resolving disputes outside of court where an impartial third person helps the conflicting parties find a mutually agreeable solution.