5. A household receives $6,000 in income for the month of September. Which of the following could...

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5. A household receives $6,000 in income for the month of September. Which of the following could have been true of the household's financial assets and liabilities (debt) if its total expenditures for the month amounted to $7,000?

a. Its financial assets grew by $1,000 and its debt grew by $2,000.

b. Its financial assets fell by $2,000 and its debt grew by $1,000.

c. Its financial assets grew by $2,000 and its debt grew by $1,000.

d. Its financial assets grew by $2,000 and its debt fell by $1,000.

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Money And Capital Markets

ISBN: 9780077235802

10th Edition

Authors: Peter Rose, Milton Marquis

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