When Several Hurricanes Hit Florida in 2004, a Number of Local

question 99

Multiple Choice

When several hurricanes hit Florida in 2004, a number of local governments imposed price controls that prevented sellers from raising their prices for badly needed products like plywood and generators. In the areas where the controls were imposed, they resulted in

• A) an expanded availability of these badly needed products.
• B) a reduced availability of these badly needed products.
• C) an increase in the speed with which people recovered from the hurricanes.
• D) a more efficient allocation of these goods for which price controls were in effect.

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Definitions:

EFT Deposit

An electronic funds transfer directly into a bank account, considered a safe and efficient way to transfer money.

Bank Correction

Adjustments made by a bank to rectify any discrepancies found in an account balance.

Cash Drawer

A compartment within a cash register where the cash from transactions is kept.

Cash Receipts

Money received by a business, often recorded in the period it is received.