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    Principles of Macroeconomics
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    Exam 9: Consumer Spending, and Credit and Interest
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    Assume That Sam Has $2000 in Savings and a Car
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Assume That Sam Has $2000 in Savings and a Car

Question 14

Question 14

Multiple Choice

Assume that Sam has $2000 in savings and a car worth about $10,000. He owes $9,000 on his car and $3000 on his credit card. What is Sam's wealth?


A) $2,000
B) $12,000
C) 0
D) $1,000

Correct Answer:

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