Steve Has $500 Automatically Deducted from One of His Paycheques

question 231

Multiple Choice

Steve has $500 automatically deducted from one of his paycheques to purchase Government of Canada Savings Bonds.Based on this information,

• A) Steve's wealth has increased by $500.
• B) Steve's wealth has decreased by $500.
• C) Steve has a capital gain of $500.
• D) Steve has a capital loss of $500.
• E) Steve's wealth is unchanged.

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