____ Are Not a Type of Open Account Credit

question 174

Multiple Choice

____ are not a type of open account credit.

• A) Retail charge cards
• B) 30-day charge accounts
• C) Travel and entertainment cards
• D) Bank credit cards
• E) Bank debit cards

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Definitions:

Elastic

Describes a situation in which the demand or supply for a good or service changes significantly when its price changes.

Inelastic

A situation in which the demand or supply for a product does not change significantly in response to price changes.

Fixed Productive Capacity

The maximum output that an economy can produce without increasing inflation, assuming resources are fully utilized.

Chocolate

A sweet, typically brown food preparation of roasted and ground cacao seeds.