Eva Generally Makes a List of Things to Be Bought

question 67

Multiple Choice

Eva generally makes a list of things to be bought before going for grocery shopping on weekends.However,last weekend she picked up some items that were not there in her list as she realized that she needed these items when she saw them on display in the store.This activity of purchasing the items that were not in the list is an example of _____ shopping.

• A) impulsive
• B) unplanned
• C) compulsive
• D) decisive
• E) experiential

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Definitions:

Interest Rate

The amount charged by lenders to borrowers for the use of money, expressed as a percentage of the principal, per unit of time.

Loanable Funds

The money available for borrowing in the financial markets, determined by the savings behavior of individuals and institutions and the central bank's monetary policy.

Investment Spending

Investment spending refers to expenditures made by businesses or individuals on capital goods intended to be used for future production.

Present Value

The contemporary value of a future financial amount or series of cash movements, given a pre-specified rate of return.