The Philosopher Immanuel Kant Introduced the So-Called _____, a Sophisticated

question 57

Short Answer

The philosopher Immanuel Kant introduced the so-called _____, a sophisticated way of asking, "How would it be if everyone decided to do what you intend to do?"

---

Definitions:

Balance

Balance refers to the amount of money in a financial account, or the equality between the sum of debits and credits in an account.

Account

A record or statement of financial expenditure and receipts relating to a particular period or purpose or the contractual arrangement under which an entity manages the funds of another.

Collection Float

The delay between when a check is deposited into a bank account and when the funds are available to the depositor, affecting cash flow.

Cheques

Cheques are financial instruments that order a bank to pay a specific amount of money from a person’s account to the person in whose name the cheque has been issued.