Examlex
Several transactions are listed. Use the choices to identify the effect on the accounting equation for each transaction listed. (Choices may be used more than once.)
-purchasing insurance
Household Saving
The portion of a household's disposable income that is not spent on current consumption but is set aside for future use.
Consumption
The use of goods and services by households, constituting one of the primary components of GDP and an important indicator of economic health.
Aggregate Demand
The overall need for goods and services within an economic system at multiple pricing levels, over a certain duration.
Fed Buys Bonds
An action by the Federal Reserve to purchase government securities from the market to increase the money supply and lower interest rates.
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