Match the Term with Its Definition

question 3

Multiple Choice

Match the term with its definition.
-The interest rate charged by commercial banks on loans to their most creditworthy customers

• A)asset-based loan
• B)basis point
• C)equipment loan
• D)LIBOR (London InterBank Offered Rate)
• E)line of credit
• F)prime rate (base rate)
• G)purchase-order financing
• H)term loan

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Definitions:

Competition Act

Legislation aimed at promoting fair competition and preventing monopolistic practices within a market.

Refund

The return of money previously paid for goods or services, typically as a result of dissatisfaction, defects, or the neeed for cancellation.

Culture Jamming

refers to the act of subverting mainstream cultural institutions or media to challenge or critique consumerism, politics, or social norms.

Buying Behaviour

Buying behaviour is the process by which consumers decide whether, what, when, from whom, and how much to purchase, influenced by psychological and social factors.