How Are Explanations Distinguished in the Journal

question 15

Multiple Choice

How are explanations distinguished in the journal?

• A)They are underlined.
• B)They are in bold print.
• C)They are indented below the credit entries.
• D)They are written at the margin,in line with the debit entries.

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Definitions:

Aggregate Demand

The whole of economic demand for goods and services at a given price level, within a certain time range.

Federal Budget

A government's plan for revenue and spending over a specific period.

National Debt

The total amount of money that a country's government has borrowed by various means, including foreign governments and domestic lenders.

Treasury Bills

Short-term government securities with maturities of less than one year, sold to investors to finance governmental debt.