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Civics test economics > Wealth > Flashcards

Wealth Flashcards

1
Q

Can you have high income and no wealth?

A

Yes if you spend more than you earn

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2
Q

Can you have low income and still have some wealth?

A

Yes if you spend less than you earn/save your money

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3
Q

What does debt consist off?

A 
Mortage debt
Credit card debt
Student loans
Auto loans
Bank loans
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Civics test economics (2 decks)

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