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The demand functions for qA and qB units of two related products, A and B, are given.
Where pA and pB are in dollars.
Find the marginal demand of qA with respect to pB and the marginal demand of qB with respect to pA. Are the two goods competitive or complementary?
Payor Bank
The bank that is responsible for paying the draft or check written by a depositor.
Uncertified Check
A check that has not been verified or guaranteed by the bank upon which it is drawn.
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Temporarily recorded credits in an account that are subject to confirmation.
Payment Final
The conclusive settlement of a debt or obligation, which prevents any future claims or demands for payment.
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