You earn $500 a month, currently have $200 in currency, $100 in your checking account, $2,000 in your savings accounts, $3,000 worth of illiquid assets and $1,000 of debt. You have O money = $2,300, annual income $6,0000, and wealth = $5,000. %3D O money = $300, annual income $6,000, and wealth = $4,300. %3D %3D %3D O money = $200, annual income $500, and wealth = $4,300. %3D %3D %3D money = $300, annual income $6,000, and wealth $5,000. %3! %3! %3D
You earn $500 a month, currently have $200 in currency, $100 in your checking account, $2,000 in your savings accounts, $3,000 worth of illiquid assets and $1,000 of debt. You have O money = $2,300, annual income $6,0000, and wealth = $5,000. %3D O money = $300, annual income $6,000, and wealth = $4,300. %3D %3D %3D O money = $200, annual income $500, and wealth = $4,300. %3D %3D %3D money = $300, annual income $6,000, and wealth $5,000. %3! %3! %3D
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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