Which of the Following Best Describes an Intermediate Good

question 101

Multiple Choice

Which of the following best describes an intermediate good?

• A)It has no value to the seller.
• B)It has no value to the buyer.
• C)It is purchased by a household for future use.
• D)It helps produce another good.
• E)It is sold at a discounted price by middlemen.

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Definitions:

Quarterly Compounding

A technique in which interest is computed and then compounded to the main amount quarterly.

Nominal Rate

The stated interest rate of a bond or loan, not adjusting for inflation or the compounding of interest.

Monthly Compounding

The monthly interest computation strategy that involves both the starting principal amount and the earned interest from earlier times.

Appraised Value

Represents the estimated monetary value of a property as determined by a qualified appraiser based on its characteristics and the selling prices of comparable properties.