7
QuizMultiple Choice

Keeping Financial Records

Question 7 • Skelton - GSN - Financial Math - MA2007

What does it mean to be “in the black?”

Answer
A
Your financial records are in good order.
B
Your financial records are being called into question.
C
You have more credits than debits.
D
You have more debits than credits.

Explanation

Being “in the black” means your financial balance is positive: you have more credits (money coming in) than debits (money going out). Therefore, the correct choice is “You have more credits than debits.”

AI-written and checked against the verified answer.

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