Q 20

Charles has the following assets and liabilities:
What is Charles' wealth?
A) $107,000.
B) $109,000.
C) $111,000.
D) $213,000.
E) $317,000.

Q 22

Charles has the following assets and liabilities:
What is the value of Charles' liabilities?
A) $100,000.
B) $101,000.
C) $103,000.
D) $104,000.
E) $317,000.

Q 23

A measure defined at a point in time is called a(n)________ variable.
A) real
B) nominal
C) aggregate
D) flow
E) stock