Identify the Symbolic Interpretation of the Statement: If a Number $\frac { x} { 2 } = 20$

question 1

Multiple Choice

Identify the symbolic interpretation of the statement: If a number is divided by two, the result is twenty.

• A) \(\frac { x} { 2 } = 20\)
• B) \(2 x = 20\)
• C) \(3 x = 20\)
• D) \(x + 2 = 20\)

Recognize the impact of consideration in contract modifications and settlements.

Understand the principle of promissory estoppel and its exceptions to the consideration requirement.

Analyze the enforceability of promises based on past consideration and moral obligations.

Distinguish between liquidated and unliquidated debts and their implications for consideration.

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Definitions:

Time Deposits

Banking term for deposit accounts that have a fixed term and typically offer higher interest rates than regular savings accounts.

M2

M2 refers to a measure of the money supply that includes cash, checking deposits, and easily convertible near money.

M3

A measure of the money supply that includes M2 plus large time deposits, institutional money market funds, and other large liquid assets.

Money Supply

The broad total of financial assets available in an economy at a specified moment.