Which of the Following Is Not a Characteristic of a Good

question 30

Multiple Choice

Which of the following is not a characteristic of a good market for goods and services?

• A) Timely and accurate information
• B) Liquidity
• C) Low transaction costs
• D) External efficiency
• E) All of the above are characteristics of a good market.

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Definitions:

Net Income

Net income is the total profit of a company after all expenses, including taxes and costs, have been subtracted from total revenue.

Payday Lender

A financial institution that offers high-interest, short-term loans, usually due on the borrower's next payday.

Proxy Statement

A document containing the information that a company is required by law to provide to shareholders to solicit proxies for voting at a shareholder meeting.

Affirmative Covenants

Provisions in a loan agreement requiring the borrower to undertake certain actions or meet specific conditions.