Which of the Following Is the Best Example of a Market

question 200

Multiple Choice

Which of the following is the best example of a market?

• A) Group of high school students who are tired of cafeteria food and would like to eat lunch at an expensive restaurant located a few blocks from their campus
• B) Physical facility large enough to accommodate all the people who want to buy or sell a good
• C) Senior citizens willing and able to cruise to the Bahamas
• D) Geographic region targeted by a firm for new promotional efforts

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Definitions:

Annual Rate

Typically refers to the interest rate for a whole year, as opposed to a shorter period, on a loan, investment, or deposit.

Borrowed

Refers to funds or resources obtained temporarily from another party, usually with the promise of repayment plus interest.

Final Payment

The last installment paid in a series of payments, concluding the payment obligation under a financial agreement.

Interest Annually

A method where interest is calculated once every year and added to the principal sum, affecting the total amount of interest earned or paid over the life of the loan or investment.