Robert Was Running Low on Cash and Could Not Buy

question 230

Multiple Choice

Robert was running low on cash and could not buy his Marketing: The Core textbook by the first day of class if the bookstore did not accept his credit card.Luckily the bookstore accepted his VISA card,so the bookstore created __________ utility for Robert.

• A)form
• B)time
• C)price
• D)possession
• E)place

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Definitions:

Deferred Annuity

An annuity contract that delays payments until the investor elects to receive them, often until retirement.

Payments

Amounts of money paid by one party to another, either as part of a one-time transaction or in installments over time.

Compounded Annually

This refers to the method of calculating interest where the interest earns on both the initial principal and the interest that has been accrued from previous periods, applied once a year.

Compounded Quarterly

Interest calculation method where interest is added to the principal balance of an investment or loan on a quarterly basis.