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Type: Multiple-Choice
Category: Personal Finance
Level: Grade 11
Author: rlminyard
Created: 9 years ago

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Personal Finance Question

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Grade 11 Personal Finance

Which of the following statements best explains why income alone does not determine wealth?
  1. Investing is the only factor that contributes to wealth building.
  2. Income alone does determine a personʹs wealth.
  3. Only people who are natural savers can become wealthy.
  4. How much money a person makes does not dictate his or her spending and saving behavior.