Describe the Three Major Virtues of a Market System

question 13

Essay

Describe the three major virtues of a market system.

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Definitions:

Electronic Fund Transfers

The transfer of money from one account to another, conducted electronically, often through computer systems and without the direct hand-off of physical money.

Negotiable Instruments

Financial documents that guarantee the payment of a specific amount of money, either on demand or at a set time, and are transferable from one party to another.

Article 3

Typically refers to a specific section within a legal document or law that outlines certain provisions or regulations. Without more context, it's broad, but in the U.S. Constitution, it establishes the Judicial Branch.

Draft

To compose or prepare a preliminary version of a document, plan, or proposal for discussion or review.