Examlex
All of the following statements are true EXCEPT that ____.
Savings Account
A deposit account held at a bank or financial institution that pays interest but typically has limited withdrawal options.
Annual Interest
The amount of interest due per year as a percentage of the amount lent, deposited, or borrowed.
Economic Profit
The difference between total revenue and total costs, including both explicit and implicit costs.
Explicit Costs
Direct, out-of-pocket payments for goods or services necessary for conducting business.
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