The Volume of Transactions

question 42

Multiple Choice

The volume of transactions

• A)increases only with the price of an item.
• B)has nothing to do with the supply of money.
• C)increases only with the number of items purchased.
• D)is measured in real terms.
• E)increases when the number of items purchased increases or when the price of an item increases.

Grasp the legal responsibilities and limitations of guardians in managing contracts for their wards.

Understand the concept of contractual capacity and how it applies to minors.

Recognize the legal ability of minors to disaffirm contracts and understand the conditions under which disaffirmance is valid.

Identify the conditions under which a contract can be ratified by a minor and the effects of such ratification.

---

Definitions:

Organizational Factors

Elements related to the structure, culture, and management practices of an organization that influence its functioning and performance.

Working Memory

The part of short-term memory that is concerned with immediate, conscious perceptual and linguistic processing.

Retrieval Cue

A stimulus that allows or aids the recall of information stored in memory.

Mnemonic Device

A tool or strategy used to improve memory by making information easier to remember, often through the use of associations, patterns, or acronyms.