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Match Each Term with Its Definition

question 72

Multiple Choice

Match each term with its definition.
-Condition usually caused by the spontaneous rupture of a weakened blood vessel

Recognize the factors that shift the production possibilities curve outward indicating economic development.
Grasp the basic concept of opportunity cost and its practical implications in decision making.
Identify the role of unemployment in an economy's production possibilities.
Explain the factors of production and their role in the economy.

Definitions:

Intermediary Banks

Financial institutions that serve as a middleman between the payer and the payee in transactions, particularly in international wire transfers.

Payment Orders

Instructions to transfer money from one bank account to another, often used in international trade and electronic funds transfers.

Fund Transfer

The movement of money from one account to another, either within the same financial institution or across different ones.

Certified Check

A check for which the issuing bank guarantees the availability of funds by verifying the drawer's signature and setting aside the check amount, thus ensuring payment.

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