Examlex
If the price of chocolate goes up 20% and quantity demanded falls by 5%,demand is ______.
Commission Rate
The percentage of a sale amount that is paid to the individual or entity that facilitated the sale, often used in sales jobs and real estate transactions.
Traveller's Cheques
Preprinted, fixed-amount cheques designed to allow the person signing it to make an unconditional payment to someone else as a result of having paid the issuer for that privilege.
Exchange Rate
The equivalent value of a currency when exchanged for a different one.
Round-Trip Transaction
A term referring to the complete process of buying and then selling a financial instrument, or vice versa.
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