Which of the Following Best Describes an Intermediate Good

question 101

Multiple Choice

Which of the following best describes an intermediate good?

• A)It has no value to the seller.
• B)It has no value to the buyer.
• C)It is purchased by a household for future use.
• D)It helps produce another good.
• E)It is sold at a discounted price by middlemen.

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Definitions:

Truth In Lending Act

A U.S. federal law designed to promote informed use of consumer credit by requiring disclosures about its terms and cost.

Open-End Credit

A revolving line of credit that allows borrowers to spend up to a specified limit, pay off the debt, and borrow again without having to reapply for a new loan.

Detailed Disclosure

Detailed disclosure refers to the comprehensive provision of information relevant to a decision, transaction, or agreement, often required by law or regulations in financial and other formal contexts.

Debit Card Applications

Debit card applications are forms or processes by which individuals apply for cards that allow them to spend money by deducting directly from their bank accounts.