Match the Term with Its Definition

question 103

Essay

Match the term with its definition.Some terms may not be used
a.Consumer credit
b.Credit bureaus
c.Credit card
d.Credit
e.Instalment account
f.Open charge account
g.Revolving charge account
h.Trade credit
i.Trade credit agencies
j.Value
-Privately owned organisations that collect credit information on businesses.

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Definitions:

Demand Equals Supply

A market condition where the quantity of goods desired by buyers matches the quantity of goods produced by sellers, leading to market equilibrium.

Initial Endowment

Refers to the initial allocation of resources, such as money, property, or goods, that an individual or entity possesses.

Demand Equals Supply

An equilibrium condition in markets where the quantity of a good demanded by consumers is equal to the quantity of the good supplied by producers.

Numeraire

is a standard unit of measurement in economic models used to express prices and exchange rates.