The Following Type of Property Is Considered Separate Property for Divorce

question 80

Multiple Choice

The following type of property is considered separate property for divorce purposes:

• A)The house owned by the spouses.
• B)The pension plan of the spouse with the higher income.
• C)Income earned by each spouse during the marriage.
• D)Inheritances received by each spouse.

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Definitions:

Open-Market Sales

The selling of government securities in the open market to reduce the money supply and influence interest rates.

Money Supply

The total amount of money available in an economy at a particular time, including cash, coins, and balances held in checking and savings accounts.

Aggregate Demand

The summative desire for products and services within an economy, benchmarked at a constant price level over a set time frame.

Money Supply

The total funds available in an economy at a certain time, which include coins, cash, and deposits in checking and savings accounts.