Rent Controls Are an Example of a

question 130

Multiple Choice

Rent controls are an example of a

• A) price floor.
• B) price ceiling.
• C) price floor for the consumer and a price ceiling for the producer.
• D) nonprice rationing device.

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Definitions:

Payee Name

Payee Name is the name of the individual or entity entitled to receive payment on a financial document, such as a check or transfer.

Check Amount

The check amount is the sum of money written on a check that the drawer directs the bank to pay the payee.

Postdated Check

A postdated check is a check written with a future date, indicating when it can be deposited or cashed.

Insufficient Funds

A situation where an account does not have enough money to cover a transaction, resulting in rejection or fees.