What Is the Name for a Person Who Lends Funds

question 9

Multiple Choice

What is the name for a person who lends funds to a business entity and expects repayment with interest?

• A)Creditor
• B)Owner
• C)Proprietor
• D)Stockholder

Interpret the economic conditions that lead to recession and expansion phases.

Identify the measures taken during economic recessions to stabilize the economy.

Distinguish between deflation and disinflation.

Understand factors influencing perception and their impact on decision-making.

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Definitions:

Absolute Advantage

The ability of a country or entity to produce a good or service more efficiently (using fewer resources) than another country or entity.

Specialization

Refers to the process of focusing resources on specific activities, tasks, or areas of expertise to increase efficiency and productivity.

Free Trade

An economic policy that allows imports and exports between countries without tariffs, quotas, or other restrictions.

Opportunity Cost

The denial of potential enhancements from other possibilities once one choice is made.