Essay
Identify each of the following acts as representing either saving or investment.
a. Jean uses some of his income to buy government bonds.
b. Julie takes some of her income and buys mutual funds.
c. Alex purchases a new truck for his delivery business using borrowed funds.
d. Kurt uses some of her income to buy stock in a major corporation.
e. Henrietta hires a builder to construct a new building for her bicycle shop.
Correct Answer:
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a. Jean is saving.
b. Julie is...View Answer
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Correct Answer:
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b. Julie is...
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