Banking Terminology | An amount of money that has to be spend or save after income taxes have been deducted.

Question of The Day25-06-2021

An amount of money that an individual or household has to spend or save after income taxes have been deducted.

Which of the following term suit the above description?

Answer

Correct Answer : b ) Disposable personal income

Explanation :

An amount of money that an individual or household has to spend or save after income taxes have been deducted is known as Disposable personal income.

Formula for calculation is:

Disposable Personal Income = personal income – personal current taxes

The capital adequacy ratio (CAR) is a measurement of a bank's available capital expressed as a percentage of a bank's risk-weighted credit exposures.

Hence, option (b) is correct.

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Jan 29

Word Of The Day

Hamper

Noun: A large basket with a cap or cover, used for storing or transporting goods.; A large basket used to carry food items or other articles used to give someone as a present.

Verb: To hold back or interfere.; If someone or something hampers someone or something, it means they are making something difficult or interfering with something you are trying to do.