The Business Hours and Location of a Financial Institution Refer

question 43

Multiple Choice

The business hours and location of a financial institution refer to the ____________ factor of selecting a financial institution.

• A)safety
• B)cost
• C)compounding
• D)liquidity
• E)convenience

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Definitions:

Market Deregulated

The process where government restrictions, rules, and regulations on business operations and market entry are reduced or eliminated to foster a more competitive market environment.

Quantity Demanded

The amount of a product that consumers are willing and able to purchase at a specified price within a given time period.

Minimum Wage

The lowest legal hourly pay that workers can be paid by employers, set by government legislation.

Unemployment

The situation in which individuals who are capable of working and willing to work cannot find employment.