Question : Which of the following is an example of a factor income?
Option 1: Dividends received by a shareholder
Option 2: Rent paid by a tenant
Option 3: Taxes paid by a business
Option 4: Interest earned on a savings account
Answer (1)
15th Jan, 2024
Correct Answer: Interest earned on a savings account
Solution : The correct answer is (d) Interest earned on a savings account
Interest earned on a savings account represents a return on the capital factor as well, as individuals provide their savings (capital) to financial institutions, which then use those funds for lending and investment activities. The interest earned is a form of income derived from the use of capital.
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