Filling in an Account Opening Form That Requires Lot of Detailed

question 44

Multiple Choice

Filling in an account opening form that requires lot of detailed information is a form of ____________.

• A)psychological cost
• B)physical cost
• C)sensory cost
• D)time cost

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Definitions:

Discharged Debt

Debt that has been forgiven or cancelled, legally releasing the debtor from the obligation to repay.

Late Charges

Fees imposed for not meeting the payment deadlines as stipulated in a contract or agreement.

Option Contract

A contract granting the holder the right, but not the obligation, to buy or sell an asset at a specified price within a set period.

Consideration

Something of value exchanged by parties that forms the basis of a contract, making it legally binding.