A Service Designed for People Who Write Only a Few

question 43

Multiple Choice

A service designed for people who write only a few cheques each month is a(n) ____________ account.

• A)EFT
• B)regular chequing
• C)share draft
• D)interest-bearing chequing
• E)activity

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Definitions:

Used-Car Dealer

A business or individual that specializes in selling pre-owned vehicles to consumers.

Colluding Firms

Companies that engage in an agreement, often secretly, to limit competition and increase prices for mutual benefit.

Cost Function

A mathematical expression that describes how the costs incurred by a firm or individual vary with the level of activity or output.

Market Demand

The total quantity of a good or service that all consumers in a market are willing to purchase at different prices.