In What Time Frame Are the Funds Transferred from Your

question 5

Multiple Choice

In what time frame are the funds transferred from your account to the merchant account when using your debit card?

• A) Immediately.
• B) The next day.
• C) The next business day.
• D) In 2 business days.

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Definitions:

Tangible Capital

Assets that have a physical form such as machinery, buildings, and land, which are used in the production of goods or services.

Inventory

This term describes the total amount of goods or materials a business has on hand at any given time.

Capital Goods

Assets with a long lifespan that are employed in the creation of goods and services, including machinery, equipment, and buildings.

Economic System

The structure and methods by which a society decides on the allocation of resources and distribution of goods and services.