INSTRUCTIONS: Choose the Word or Phrase in [ ] Which

question 133

Multiple Choice

INSTRUCTIONS: Choose the word or phrase in [ ] which will correctly complete the statement.
-A [sales finance company | captive finance company] purchases notes drawn up by sellers of typically big-ticket items.

• A)for the first item
• B)for the second item
• C)if neither item will correctly complete the statement.

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Definitions:

Inflation

A general increase in prices and decrease in the purchasing value of money.

Pure Capitalist Economy

An economic system characterized by private ownership of resources and the use of market mechanisms to allocate goods and services with minimal government intervention.

Government Role

The activities, responsibilities, and powers of a government in shaping society, economy, and ensuring public welfare.

United States

A country located in North America, consisting of 50 states and known for its large size, diverse population, and influential role in global affairs.