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Use the following to answer questions:
Scenario: Music Downloads and Streamed Movies
Phillip has an income of $300 per month, which he uses to purchase music downloads (MD) and streamed movies (SM) . Each music download costs $1 and each streamed movie costs $5.
-(Scenario: Music Downloads and Streamed Movies) Read the scenario Music Downloads and Streamed Movies. Which of the following equations expresses Phillip's budget line?
Assignable
Capable of being transferred or made over to someone else, typically referring to rights or property.
Holder in Due Course
A legal term referring to a person who has acquired a negotiable instrument in good faith for value and without notice of any defects in title.
Parties
Individuals or entities involved in a legal proceeding, contract, or agreement.
Checks
Written, dated, and signed instruments that direct a bank to pay a specific sum of money from the drawer's account to the person or entity in whose name the check has been issued.
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