Examlex
If the price of corn goes up by $1 a bushel and the quantity supplied rises by 100 bushels, the price elasticity of supply has to be 100.
Cheques
Documents that are written, dated, and bear a signature, instructing a bank to pay a designated amount of money to the holder.
Daily Interest Rate
The rate at which interest accrues on a loan or investment, calculated on a daily basis.
Treasury Bills
Short-term government securities issued at a discount from par value and maturing at face value, with maturities ranging from a few days to 52 weeks.
Lockbox System
A service provided by banks to companies for the receipt of payment from customers, involving the use of a post office box to collect and process payments.
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