The Personal Decisions of Consumers and Firms Are Based on ________

question 12

Multiple Choice

The personal decisions of consumers and firms are based on ________ cost(s) .

• A) external
• B) social
• C) internal
• D) third-party
• E) public-good

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Definitions:

Unauthorized Payment

A transaction made without the consent or authorization of the account holder.

Bank Statement

A document issued by a bank detailing transactions, balances, and other financial information over a period of time for a specific account.

Stale Check

A check that is not presented to a bank within six months of its date.

Properly Payable Rule

A principle in banking law where banks are only obligated to pay checks that are correctly drawn up and meet all legal requirements.