In General, Differences Between Goods and Services Are Determined by the

question 176

Multiple Choice

In general, differences between goods and services are determined by the

• A) degree of labor intensiveness.
• B) type of target market.
• C) degree of tangibility.
• D) type of provider.
• E) degree of consumer contact.

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Definitions:

Near-Monies

Assets that are easily convertible into cash but are not cash themselves, such as savings accounts and time deposits.

Time Deposits

Deposits that earn a fixed interest rate if held for the specified period, which can range from several months to several years; also called certificates of deposit.

Money Market Mutual Funds

Investment funds that invest in short-term debt securities, offering investors a high degree of liquidity and typically low risk.

M1 Money Supply

The measure of the most liquid components of the money supply, including currency in circulation and demand deposits in banks.