The Rate of Return on a Savings Account Is Also

question 38

Multiple Choice

The rate of return on a savings account is also referred to as:

• A)liquidity.
• B)compounding.
• C)yield.
• D)opportunity cost.
• E)asset turnover.

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Definitions:

Monopolist's Profits

The excess earnings a monopolist obtains over what it would earn in a competitive market due to its market power.

Competitive Conditions

The characteristics of a market environment that influence the level of competition between businesses, including the number of competitors, product differentiation, and barriers to entry.

Inefficiency

A situation in which resources are not used in the most productive way, leading to wasted inputs or suboptimal output.

Output

The total amount of goods or services produced by a firm or economy.