During a Recessionary Period,which of the Following Is Expected

question 215

Multiple Choice

During a recessionary period,which of the following is expected?

• A) The use of credit would decline.
• B) Consumer spending would increase.
• C) Taxes would increase nationally.
• D) Property values would jump dramatically.
• E) Consumers would use the majority of their discretionary income on entertainment.

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Definitions:

Unconditional Promise

A pledge or guarantee that is absolute and not subject to any conditions or contingencies.

Bearer Instruments

Bearer instruments are financial documents that entitle the holder or bearer of the document to the rights or property stated in the document, without requiring proof of ownership.

Demand Instrument

A financial document that requires payment to be made by the issuer upon request by the holder of the document.

Demand Instrument

A financial document that requires immediate payment upon presentation.