The Decision to Bill Customers Electronically, Which Saves the Company

question 164

True/False

The decision to bill customers electronically, which saves the company money, would be a positive benefit when performing cost-benefit analysis.

---

Definitions:

Equation of Exchange

An economic equation that describes the relationship between the money supply, velocity of money, price level, and an economy's output.

GDP Rise

An increase in the Gross Domestic Product, indicating growth in the economy and the production of goods and services.

Velocity

In economic terms, the rate at which money is exchanged from one transaction to another and how much a unit of currency is used in a given period.

Money Supply

Money Supply refers to the total amount of monetary assets available in an economy at any specific time, including cash, coins, and balances held in checking and savings accounts.