An Agent's Apparent Authority Ends When

question 71

Multiple Choice

An agent's apparent authority ends when:

• A)the principal revokes authority.
• B)the third party receives notice of the termination of agency.
• C)the principal loses capacity or dies.
• D)the agent's actual authority,both express and implied,ends.

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Definitions:

Demand For Loanable Funds

The total quantity of loans that borrowers are willing to take out at various interest rates, holding all else equal.

Equilibrium Interest Rate

The interest rate at which the quantity of loanable funds demanded equals the quantity supplied, leading to a balance in the money market.

Equilibrium Level Of Saving

The point at which the amount households save equals the amount they invest, resulting in a balance within the economy's financial resources.

U.S. Government Debt

The total amount of money that the United States federal government owes to creditors, including both public debt and intra-governmental obligations.