Insert the Correct Response

question 10

Short Answer

Insert the correct response. Reduce ratios and fractions to the lowest terms.
-Change 7:20 to a decimal number. ____________________

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Definitions:

Commodities

Basic goods used in commerce that are interchangeable with other goods of the same type, often used as inputs in the production of other goods or services.

Prices

The monetary value assigned to goods or services, representing the amount a buyer pays to a seller in a market transaction.

Income

The income earned, usually periodically, from labor or investment returns.

Prices

The sum of money anticipated, needed, or provided as payment for an item.