This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Suppose you borrow 1,000 to purchase a car. Which of the following correctly represents the changes ... (Read 10 times)

nevelica

  • Hero Member
  • *****
  • Posts: 563
on: Jun 30, 2018
Suppose you borrow 1,000 to purchase a car. Which of the following correctly represents the changes in your personal balance sheet after the bank lends the money, but before you spend it?
 a. Assets: loan, +1,000 . Liabilities and net worth: checking deposit, +1,000
 b. Assets: loan, -1,000 . checking deposit, +1,000 . Liabilities and net worth: no change
  c. Assets: loan, +1,000 . checking deposit, -1,000 . Liabilities and net worth: no change
  d. Assets: checking deposit, +1,000 . Liabilities and net worth: loan, +1,000
 e. Assets: checking deposit, +1,000 . Liabilities and net worth: loan, -1,000

Question 2

Net taxes are:
 a. taxes plus transfer payments.
 b. taxes minus transfer payments.
 c. an injection into the economic system.
  d. consumption after taxes.
 e. government spending minus taxes.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

fauacakatahaias

  • Sr. Member
  • ****
  • Posts: 353
Reply #1 on: Jun 30, 2018
Answer to Question 1

d

Answer to Question 2

b


nevelica

  • Member
  • Posts: 563
Reply 2 on: Jun 30, 2018
Great answer, keep it coming :)

ecabral0

  • Member
  • Posts: 310
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

Side effects from substance abuse include nausea, dehydration, reduced productivitiy, and dependence. Though these effects usually worsen over time, the constant need for the substance often overcomes rational thinking.

Did you know?

The eye muscles are the most active muscles in the whole body. The external muscles that move the eyes are the strongest muscles in the human body for the job they have to do. They are 100 times more powerful than they need to be.

Did you know?

Serum cholesterol testing in adults is recommended every 1 to 5 years. People with diabetes and a family history of high cholesterol should be tested even more frequently.

Did you know?

Eating carrots will improve your eyesight. Carrots are high in vitamin A (retinol), which is essential for good vision. It can also be found in milk, cheese, egg yolks, and liver.

Did you know?

Asthma cases in Americans are about 75% higher today than they were in 1980.

This painting depicts New Orleans in 1803, when the city was acquired—along with much of the modern This painting depicts New Orleans in 1803, when the city was acquired—along with much of the modern
Richard Rodriguez represents millions of immigrants—not just those of Latino origin but those from ... Richard Rodriguez represents millions of immigrants—not just those of Latino origin but those from ...
Correctly administering and interpreting an intelligence test is a skill that takes many years for ... Correctly administering and interpreting an intelligence test is a skill that takes many years for ...
This advertisement from about 1885 represents an early stage of capitalism when individuals were ... This advertisement from about 1885 represents an early stage of capitalism when individuals were ...
After verifying that the tester is capable of correctly reading the air frequency, gasoline is ... After verifying that the tester is capable of correctly reading the air frequency, gasoline is ...
Suppose a country imports televisions. The country's supply and demand curves are shown in ... Suppose a country imports televisions. The country's supply and demand curves are shown in ...
Video: Spermatogenesis Animation

For a complete list of videos, visit our video library