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Central Place Theory Explains the Distribution of Services and Why

question 6

True/False

Central place theory explains the distribution of services and why a regular pattern of settlements exist,at least in developed countries such as the United States.


Definitions:

Demand Instrument

A financial document or instrument that requires payment of a particular sum of money immediately or on demand by the entitled party.

Certificate Of Deposit

A savings certificate with a fixed maturity date and specified fixed interest rate, issued by a bank to a depositor.

Bank

A financial institution licensed to receive deposits and make loans, offering various other financial services.

Currency Requirement

The necessity for a form of payment to be accepted as valid currency within a financial transaction.

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