An Example of an 'Intermediate Good' Would Be

question 53

Multiple Choice

An example of an 'intermediate good' would be:

• A)a new car.
• B)a used car.
• C)the tyres on a new car.
• D)new tyres to replace old tyres on a used car.

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Definitions:

Certificate Of Deposit

A financial product offered by banks and credit unions that provides an interest rate premium in exchange for the customer agreeing to leave a lump-sum deposit untouched for a predetermined period of time.

Bank

is NO.

Payee

The individual or entity to whom a payment is directed or owed.

Lex Mercatoria

The “law of merchants” as defined by customs or trade usages developed by merchants to facilitate business transactions.