A Commodity or Service Whose Consumption by One Person Does

question 50

Multiple Choice

A commodity or service whose consumption by one person does not preclude others from also consuming it is called a

• A) private good.
• B) public good.
• C) Giffen good.
• D) Coase good.

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Definitions:

Miller-Orr Model

A financial model used to manage cash flows and determine optimal cash reserves for a company.

Monthly Disburses

This refers to the process of distributing or paying out funds at regular monthly intervals.

Cheque Delay

A situation where there is a postponement in the processing or clearance of a cheque by a bank.

Average Daily Float

This refers to the average amount of uncollected checks or electronic transfers in the process of clearing.