Suppose You Borrow $1,000 from Your Bank to Pay for a Bike

question 245

Multiple Choice

Suppose you borrow $1,000 from your bank to pay for a bike. This is an example of

• A)direct financing.
• B)indirect financing.
• C)moral hazard.
• D)transaction costs.

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Definitions:

FAB Method

A sales technique that focuses on features, advantages, and benefits of a product or service to the customer.

CRM Systems

Customer Relationship Management systems; technology platforms that help businesses manage communications and relationships with current and potential customers.

Analytics

The systematic computational analysis of data or statistics to identify patterns, trends, or insights.

Social Networks

Online platforms that allow users to connect, share information, and build communities based on common interests, professional ties, or personal relationships.