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Key Terms Instructions: Please define the following key terms. Show Who? What? Where? When? Why Important?
messianic age
Lending Standards
The set of criteria used by banks and financial institutions to determine the creditworthiness and eligibility of prospective borrowers.
Competitive Markets
Markets characterized by many buyers and sellers where no single participant can significantly influence the price of goods or services.
Externalities
Effects of a transaction or activity on third parties who are not directly involved, which can be either beneficial (positive externalities) or harmful (negative externalities).
Property Rights
Legal rights defining the ownership and use of resources including land, intellectual property, and personal assets.
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Q84: Key Terms Instructions: Please define the following
Q90: Though the Byzantine Empire lasted till 1453,