When Backed by Buying Power, Wants Become ________

question 48

Multiple Choice

When backed by buying power, wants become ________.

• A) social needs
• B) demands
• C) physical needs
• D) self-esteem needs
• E) exchanges

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Definitions:

Bargain Purchase Option

A provision in a lease agreement that allows the lessee to purchase the leased asset at the end of the lease term for a price significantly lower than the expected fair market value.

CRA

Canadian Revenue Agency, an agency that administers tax laws for the Canadian government and for most provinces and territories, or Community Reinvestment Act, a U.S. federal law designed to encourage commercial banks and savings associations to help meet the needs of borrowers in all segments of their communities.