Constructs Are Abstractions That Cannot Be Observed Directly but Can

question 18

True/False

Constructs are abstractions that cannot be observed directly but can be defined based upon that which is observable.

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Definitions:

Issuer

The entity responsible for providing a financial instrument or security, such as bonds, shares, or notes, to the market or the public.

Retailer

A business entity that sells goods and services directly to consumers, acting as the final link in the supply chain between manufacturers and end-users.

Credit Card

A payment card issued by a financial company giving the holder an option to borrow funds, typically at point of sale.

Factor

A finance company or bank that buys receivables from businesses and then collects the payments directly from the customers.