Which of the Following Economic Systems Are Polar Opposites of Each

question 82

Multiple Choice

Which of the following economic systems are polar opposites of each other?

• A)The market system and laissez-faire capitalism
• B)The market system and the command system
• C)The command system and laissez-faire capitalism
• D)Mixed market and the market system

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Definitions:

Collection Float

The time period between when a check is written and deposited and when the funds are actually available in the payee's account.

Net Float

Net float is the difference between the balance according to the bank's records and the balance according to the company's records, due to checks or other transactions in the process of clearing.

Collection Float

The time period between when a check is deposited in a bank and when the funds are made available, reflecting the bank's processing time.