Which of the Following Are Examples of Formal Contracts

question 19

Multiple Choice

Which of the following are examples of formal contracts?

• A)Letters of credit and contracts under seal,but not executed contracts.
• B)Contracts under seal,letters of credit,and also executed contracts.
• C)Executed contracts but not contracts under seal or letters of credit.
• D)Contracts under seal,letters of credit,but not executory contracts.
• E)Contracts under seal but not executed contracts or letters of credit.

---

Definitions:

Real Gross Domestic Product

The evaluation of a nation's economic output after adjusting for any price variations, including inflation or deflation, to reveal the genuine quantity of produced goods and services.

Money Supply

The sum of all available money in an economy at a given moment, encompassing cash, coins, and bank account balances.

Real GDP

The measure of the value of economic output adjusted for price changes (inflation or deflation), reflecting the real volume of production.

Price Level

The overall price mean for each and every product and service in the economic sector.