Which of the Following Statements Is True

question 60

Multiple Choice

Which of the following statements is true?

• A) Money that is lent out is considered to be a liability.
• B) People who lend money are known as debtors.
• C) People who borrow money are known as creditors.
• D) Non-bank institutions are also a part of the credit market.

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Definitions:

Inflexible Strategies

Business approaches or plans that are rigid and cannot easily adapt to changes in the market or environment, potentially leading to failure.

Nimble Tactics

Agile and adaptable strategies designed to respond quickly to change and capitalize on new opportunities.

Durability

The quality of being able to withstand wear, pressure, or damage; the ability of a product or material to last a long time without significant degradation.

Proprietary Barriers

Restrictions established through the ownership of patents or copyrights that limit competition.