Examlex

Solved

Which of the Following Is an Attribute of a Banker's

question 78

Multiple Choice

Which of the following is an attribute of a banker's acceptance?


Definitions:

Progressiveness

A political or social philosophy advocating or implementing social reform or new, liberal ideas.

Tax Revenue

The income that is gained by governments through taxation, forming a significant part of their funding for public expenditures.

Elastic Demand

A situation where the quantity demanded of a good or service changes significantly in response to price changes.

Inelastic Supply

A supply condition where quantity supplied does not change significantly when there is a change in price.

Related Questions