Which of the Following Is Not an Economic Investment

question 4

Multiple Choice

Which of the following is not an economic investment?

• A)the purchase of a drill press by the Ajax Manufacturing Company
• B)the purchase of 100 shares of Bell Canada by a retired business executive
• C)construction of a suburban housing project
• D)the piling up of inventories on a grocer's shelf

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Definitions:

International Payment Transfers

Financial transactions that involve the sending of money across international borders.

Global Telecommunications

Worldwide infrastructure and services for the exchange of information through electronic networks.

Commercial Letter

A formal document used in business transactions that typically contains specific information and terms regarding a deal or agreement.

Documentary Collection

A process where a seller uses a bank as a medium to collect payment from a buyer when the goods are delivered.