Cars and Gasoline Are Likely to Be

question 64

Multiple Choice

Cars and gasoline are likely to be

• A)complementary goods.
• B)substitute goods.
• C)independent goods.
• D)inferior goods.
• E)luxury goods.

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Definitions:

Payee's Bank

The bank where the recipient of a check or electronic payment has an account, responsible for processing and clearing the payment.

Holder

An individual or entity that legally possesses a negotiable instrument, such as a check, bill of exchange, or promissory note, and has the right to receive the amount specified therein from the payer.

For Deposit Only

An endorsement on a check specifying that the check must be deposited into an account and not cashed.

Negotiation

The process in which two or more parties discuss an issue with the aim of reaching a mutually acceptable agreement.