What Is the "Invisible Hand", and How Does It Work

question 28

Essay

What is the "invisible hand", and how does it work as a market force?

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Definitions:

Bank Statement

A monthly or quarterly document provided by a bank, detailing all transactions in a customer's account during the statement period.

Check Register

A record book or a spreadsheet where all written checks, cash transactions, and deposits are recorded.

Outstanding Deposit

A deposit that has been made to a bank account but not yet cleared or recognized in the bank's record system.

Check Register

A record used to keep track of checks written, deposits made, and current balance in a checking account.