Match the Following Terms with Their Definitions

question 14

Multiple Choice

Match the following terms with their definitions.
-Cash advance

• A)Total of all payments minus amount financed
• B)Effective interest rate
• C)A payment process
• D)A revolving charge account
• E)Sum of daily balance divided by number of days in billing cycle
• F)Total of all monthly payments plus down payment
• G)Used in calculation of average daily balance
• H)Doesn't dictate interest rates
• I)Cash price minus down payment
• J)Used to calculate rebate of finance charge
• K)Purchase till maximum credit reached
• L)Initial cash payment

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Definitions:

Labor Markets

Economic markets where labor is traded, characterized by the demand and supply of labor force.

National Labor Relations Board

An agency of the US government tasked with implementing United States labor laws concerning collective bargaining and addressing unjust labor practices.

Fact Finder

Third party to collective bargaining who reports the reasons for a dispute, the views and arguments of both sides, and possibly a recommended settlement, which the parties may decline.

Work Stoppage

An industrial action in which employees refuse to work as a form of protest, typically to gain concessions from their employer.