Consumers Who Adopt the Products and Services Used by the Rich

question 82

True/False

Consumers who adopt the products and services used by the rich and famous can be said to be part of a contractual reference group.

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Definitions:

NSF Check

A cheque that has been returned by a bank because the account it was drawn on did not have sufficient funds.

Outstanding Checks

Checks issued by a company awaiting cashing or clearance by the bank.

Adjusted Cash Balance

The cash amount shown in a company's books after adjustments have been made for checks outstanding, deposits in transit, and other factors.

Bank Service Charge

Fees charged by banks for the various services and account maintenance provided to customers.