Sometimes Suppliers Do Not Extend Credit, but Instead Require Payment Up

question 232

Multiple Choice

Sometimes suppliers do not extend credit, but instead require payment up front. 
Which of the following defines "extend" as it is used in the sentence above?

• A)To continue in space or time
• B)To express an opinion in detail
• C)To lend money
• D)To affect or include somebody or something

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Definitions:

Clams

Marine bivalve mollusks known for their edible soft bodies enclosed within a hard shell.

Government Imposes

Refers to regulations, taxes, or policies that a governmental body enforces on individuals or organizations.

Price Ceiling

A government-imposed limit on how high the price of a product can be charged in the market, usually intended to protect consumers from high prices.

Market-Clearing Price

The price at which the market is in equilibrium, that is, the quantity of a good or service demanded equals the quantity of that good or service supplied; also referred to as the equilibrium price.