Ceteris Paribus Means

question 67

Multiple Choice

Ceteris paribus means:

• A) Nothing is allowed to change.
• B) The determinants of demand may change,but all else must be held constant.
• C) Only one determinant is being changed while all others remain unchanged.
• D) Consumers try to keep all things constant so that prices will be lower.

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Definitions:

Maturity

The date on which a financial obligation must be repaid or the final payment is due.

Maturity Date

The specified date on which the final payment of a loan, bond, or other financial instrument is due.

Repay

To make payment back to someone from whom money has been borrowed.

Withdraw

To remove or retract something, such as funds from a bank account, or to cease participation in an activity or agreement.