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:

Verified
Correct Answer:
Verified
Related Questions
Q6: The availability of credit makes an economy
Q7: What is the wealth effect?<br>A) The tendency
Q8: Why consumers tend to purchase less if
Q9: How do banks create money?<br>A) Banks print
Q10: Assume that the Federal Reserve sets a
Q11: What is the prime rate?<br>A) It is
Q12: Assume that the Federal Reserve sets a
Q13: Brad and Angie own a nice house
Q15: Assume that the Federal Reserve sets a
Q16: Assume that the Federal Reserve sets a