The Existence of an Inflationary Gap Would Tend to Benefit

question 132

Multiple Choice

The existence of an inflationary gap would tend to benefit most

• A)bankers.
• B)retired persons.
• C)unemployed workers.
• D)stock owners.

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Definitions:

UCC

A standardized set of laws that facilitate the commercial exchange of goods, securities, and transactions across the U.S.

UCC

The Uniform Commercial Code, a set of laws that provide legal rules and regulations governing commercial or business dealings and transactions.

Secondarily Liable

Responsible in a secondary or auxiliary manner, often referring to a party obligated to pay a debt if the primary party defaults.

Fraud In The Factum

A liability defense available to a party who signs a negotiable instrument without knowing that it is a negotiable instrument.