Evaluate the Following Facts and Then Answer the Following Questions $\quad$

question 140

True/False

Evaluate the following facts and then answer the following questions:
Day 1 $\quad$$\quad$ S sends a letter to B with the following: "I will sell you my Play Station 3 for $150 when I get my new Play Station."
Day 2 $\quad$$\quad$ B receives the letter and responds,"I will take the Play Station for $150."
-S has made a valid offer to B.

---

Definitions:

Market Rate

The prevailing rate at which a specific asset can be bought or sold in the marketplace, often influenced by supply and demand.

Simple Interest

Interest charged exclusively on the principal sum, or on the part of the principal that has not been paid yet.

Investment Builder

A financial tool or account that aids individuals in growing their savings through various types of investments.

Term Deposit

A fixed-term investment held at a financial institution that pays interest until a specified maturity date.