Consumer Sovereignty Encompasses Which of the Following Definitions

question 42

Multiple Choice

Consumer sovereignty encompasses which of the following definitions?

• A)Consumers have more power than producers.
• B)Consumers dictate the type,quality,and quantity of goods to be provided.
• C)It is noticed and supported by producers.
• D)Consumers can only decide whether to buy.
• E)It refers to only economic values.

---

Definitions:

Federal Deposit Insurance Corporation

A U.S. government agency that insures deposits in banks and thrift institutions for at least $250,000 per depositor, per bank.

Compounded Monthly

The process of calculating interest on both the initial principal and the accumulated interest from previous periods, applied on a monthly basis.

Check Register

A record of all checks written, deposits made, and balances in a checking account, used for managing finances.

Bank Statement

A summary of financial transactions that have occurred over a given period on a bank account.