Using Ordinary Time, a Loan That Starts on May 15

question 34

True/False

Using ordinary time, a loan that starts on May 15 and is due to be paid August 15 would have a total duration of 92 days.

---

Definitions:

Responsiveness

The ability or tendency of an entity or system to react to changes, stimuli, or feedback from the environment.

Complements

Products that are usually consumed jointly (for example, bread and butter, hot dogs and hot dog buns). A decrease in the price of one will cause an increase in demand for the other.

Consumption

The use of goods and services by households or individuals, typically relating to how these actions affect economic demand.

Market Demand

The total amount of a product or service that all consumers in a market are willing and able to purchase at various prices.