The Appointment of Another Person to Perform a Duty Under

question 45

Multiple Choice

The appointment of another person to perform a duty under a contract is called a(n) :

• A)assignment.
• B)delegation.
• C)affidavit.
• D)bilateral contract.

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Definitions:

Open Economy

An economy that interacts freely with other economies around the world.

Loanable Funds

The market where savers supply funds to borrowers, typically through financial intermediaries, affecting interest rates and economic activity.

National Saving

The total amount of savings in a country, equal to the sum of private and public savings.

Domestic Investment

The total amount of investment in physical assets like buildings, machinery, and technology, within a country’s borders.