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Steve Takes $500 from His Paycheck and Uses It to Purchase

Question 119

Multiple Choice

Steve takes $500 from his paycheck and uses it to purchase U.S. Savings Bonds. Based on this information:


A) Steve's saving has increased by $500.
B) Steve's saving has decreased by $500.
C) Steve has a capital gain of $500.
D) Steve's wealth is unchanged.

Correct Answer:

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