Calculate the Total Number of Transactions Made Per Year If

question 27

Multiple Choice

Calculate the total number of transactions made per year if the total transaction cost is $2 billion at $50 per transaction.

• A)25 million transactions per year
• B)10 million transactions per year
• C)100 million transactions per year
• D)40 million transactions per year
• E)250 million transactions per year

---

Definitions:

Employee

An individual who performs work under the direction and control of an employer in exchange for compensation.

Reasonable Skill

The level of competence that one can expect from a person with the standard abilities and knowledge in a particular field.

Breach of Contract

Occurs when one party fails to fulfill their obligations under a contract without a lawful excuse.

Agency Contract

A legal agreement where one party, the agent, agrees to act on behalf of another, the principal, in business dealings.