A Demand Curve That Is Completely Elastic Is

question 141

Multiple Choice

A demand curve that is completely elastic is

• A)Horizontal.
• B)Vertical.
• C)Upward-sloping.
• D)Downward-sloping.

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Definitions:

Lockbox Plan

A banking service that speeds up collection and processing of company receipts by having those payments mailed directly to a location accessible by the bank.

Collection Of Cheques

Collection of Cheques refers to the process banks undertake to collect the amount specified on a cheque from the bank upon which the cheque is drawn.

Collections Float

The time gap between when a check is deposited into a bank account and the funds are available for use.

Cash Management System

A suite of services and tools used by businesses to manage their cash flow, including collection services, disbursement services, and liquidity management.