A(n)________ Comes to an End with a Business Cycle ________

question 208

Multiple Choice

A(n) ________ comes to an end with a business cycle ________.

• A)recession; peak
• B)recession; trough
• C)expansion; trough
• D)expansion; bubble

---

Definitions:

Instrument Dishonored

A legal term for when a negotiable instrument (like a check or promissory note) is not honored or paid upon presentation.

Insufficient Funds

A situation where an account does not have enough money to cover transactions, leading to declined payments or penalties.

Delivery

In contract law, the process of transferring the possession of a good or document from one party to another, completing the transaction.

Negotiation

(1) A bargaining process in which disputing parties interact informally to attempt to resolve their dispute. (2) The transfer of the rights to a negotiable instrument from one party to another.