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Irving Fisher's view that velocity is fairly constant in the short run transforms the equation of exchange into the
Commercial Expertise
Specialized knowledge or skills in the field of commerce, including areas like marketing, finance, and international trade.
Firm Offer
An offer (by a merchant) that is irrevocable without consideration for a period of time (not longer than three months). A firm offer by a merchant must be in writing and must be signed by the offeror.
Irrevocable
Incapable of being retracted, revoked, or undone; permanent.
Consistent Additional Terms
Supplemental terms in a contract or agreement that are in harmony with the original stipulations without causing contradictions or conflicts.
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