An Implied Contract Is Not an Actual Contract

question 54

True/False

An implied contract is not an actual contract.

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Definitions:

Fannie Mae

A government-sponsored enterprise established to expand the secondary mortgage market by making mortgages more accessible and affordable.

Federal Reserve's Monetary

Actions by the Federal Reserve to control the money supply and interest rates in an effort to regulate the economy.

Real Output

The quantity of goods and services produced, adjusted for inflation, reflecting the true productivity of an economy.

Economic Growth

An increase in the output of goods and services in an economy over time, often measured as the percent rate of increase in real GDP.