The Loss of Jobs as a Result of the September

question 24

Multiple Choice

The loss of jobs as a result of the September 11, 2001, attack in New York

• A)affected all sectors of the economy because of the multiplier effect
• B)affected only the airline and travel industries
• C)had little effect on the national economy
• D)was concentrated in New York City
• E)explains why job losses are larger within a state than for the nation as a whole

Analyze the basic characteristics of short-term securities.

Comprehend how zero balance accounts operate in conjunction with a master account.

Define same day value and its relevance in financial transactions.

Understand the operation and benefits of a cash concentration account for a firm.

---

Definitions:

Revenues

The total income generated by a company from its business operations, such as sales of goods or services, before any costs or expenses are deducted.

Cut the Price

To reduce the selling price of a product or service.

Price Elasticity of Demand

A measure of how much the quantity demanded of a good changes in response to a change in its price.

Close Substitutes

Products or services that can be used in place of one another with little difference in satisfaction for the consumer, leading to a high cross-elasticity of demand.