The Term Laissez Faire Can Be Translated

question 33

Multiple Choice

The term laissez faire can be translated

• A) "leave it alone"
• B) "make it equitable (fair)"
• C) "take an active role"
• D) "markets work"
• E) "free of problems"

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Definitions:

Payment Plan

An agreement to pay off a debt over a set period of time in scheduled installments.

Debtors

Individuals or entities that owe money to others.

Qualified Debtor

An individual or entity that meets specified criteria set by a lending institution to be eligible for borrowing or entering into debt agreements.

Repayment Schedule

A detailed plan outlining the timing and amounts for repaying a debt over a period.