A Clearinghouse Business That Matches Buyers and Sellers Is Called

question 36

Multiple Choice

A clearinghouse business that matches buyers and sellers is called a(n)

• A) electronic trader.
• B) electronic matchmaker.
• C) electronic exchange.
• D) exchange broker.
• E) product exchange.

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Definitions:

Dischargeable

Referring to debts that can be eliminated or forgiven through legal processes, such as bankruptcy.

Domestic Support Obligations

Financial responsibilities, such as alimony or child support, owed by one individual to another as ordered by a court.

Unsecured Note

A financial instrument that represents a loan not backed by collateral, typically entailing higher risk for the lender.

Entitled to Priority

Entitled to priority refers to a situation where certain claims, such as debts or interests, are given precedence over others in the event of a bankruptcy or liquidation.