Match the Term with Its Definition

question 10

Multiple Choice

Match the term with its definition.
-Financing provided by suppliers to client companies

• A)consumer credit
• B)credit
• C)credit bureaus
• D)credit card
• E)installment account
• F)open charge account
• G)revolving charge account
• H)trade credit
• I)trade-credit agencies
• J)value

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Definitions:

VER (Voluntary Export Restraint)

An agreement by an exporting country to limit the quantity of goods exported to another country, often to avoid formal trade restrictions or tariffs.

Domestic Price

The price of goods or services within a country's borders, as opposed to the price of those goods or services in international markets.

World Price

World Price is the international market price of a good or service, determined by global supply and demand forces.

Domestic Supply

The total quantity of a product or service produced within a country and available for domestic consumption or sale.