A Black Market Is a Market Where Buying and Selling

question 208

Multiple Choice

A black market is a market where buying and selling take place

• A)at prices that violate government price regulations.
• B)in non-licensed shops and warehouses.
• C)after regular office hours.
• D)on foreign soil.

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Definitions:

Capital

The assets, including money, that a person or organization possesses or has available for specific uses like launching a business or making investments.

Cash

Represents money or any instrument that banks accept for deposit and immediate credit to a company’s account, such as checks or money orders.

Expenses

Costs incurred by a business in the process of earning revenue, such as rent, salaries, and utilities.

Assets

Assets held by a business anticipated to deliver future economic advantages.