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Figure 3.3

question 148

Multiple Choice

Figure 3.3: Figure 3.3: -The equilibrium price and quantity in Figure 3.3 are: A) $5 and 3 units. B) $10 and 2 units. C) $15 and 3 units. D) $20 and 2 units.
-The equilibrium price and quantity in Figure 3.3 are:

Definitions:

Cheques

Physical, written instruments instructing a bank to pay a specific amount of money from the writer's account to the person or entity named on the cheque.

Debit Cards

Payment cards that deduct money directly from a consumer's checking account to pay for a purchase, contrasting with credit cards which provide a line of credit.

Concentration Account

A single centralized bank account designed to streamline cash management by consolidating funds from multiple accounts, often used by corporations to improve liquidity management.

Zero-Balance Account

A bank account that keeps a zero balance by instantly moving money from a primary account in the precise amount needed to settle any checks drawn on it.