Multiple Choice
Steve uses $300 from his paycheque to pay off his credit card balance.Based on this information,
A) Steve's wealth has increased by $300.
B) Steve's wealth has decreased by $300.
C) Steve has a capital gain of $300.
D) Steve has a capital loss of $300.
E) Steve's wealth is unchanged.
Correct Answer:
Verified
Correct Answer:
Verified
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