A Movement Along a Supply Curve Is Called a Change

question 229

True/False

A movement along a supply curve is called a change in supply while a shift of the curve is called a change in quantity supplied.

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Definitions:

Outstanding Checks

Checks that have been written and recorded in the payer's financial records but have not yet been cashed or cleared by the bank.

Deposits In Transit

Funds that have been received and recorded by a company, but not yet recorded by its bank, typically at the end of a financial period.

Bank Service Charge

A bank service charge is a fee imposed by a bank on its customers for the provision of banking services such as account maintenance, transactions, and overdrafts.

Petty Cash Fund

A little sum of money reserved for immediate outlays on diverse small expenditures.