Keeping an Extra $200 in Your Checking Account to Pay

question 156

Multiple Choice

Keeping an extra $200 in your checking account to pay for possible car repairs illustrates the

• A) speculative demand for money.
• B) transfer demand for money.
• C) precautionary demand for money.
• D) transactions demand for money.

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Definitions:

Alternative Dispute Resolution

A range of processes and techniques for resolving disputes outside the traditional judicial process, including mediation and arbitration.

Paralegal

A person trained in legal matters who assists lawyers in their work but is not a qualified attorney.

Mediator

A neutral third party who assists disputing parties in resolving conflicts through communication and negotiation techniques, without providing legal judgment.

Collaborative Law

A legal process enabling couples who have decided to separate or end their marriage to work with their lawyers and, on occasion, other family professionals to avoid the uncertain outcome of court and to achieve a settlement that best meets the specific needs of both parties and their children without the underlying threat of litigation.