Mark Is Creating a Web Site Through Which He Will

question 35

Multiple Choice

Mark is creating a Web site through which he will enter into contracts over the Internet.Important terms to include in his offers include

• A)provisions specifying the remedies if the contract is breached.
• B)a detailed history of his business.
• C)glowing reviews from former customers.
• D)his educational background.

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Definitions:

Certificate of Deposit

A savings certificate with a fixed maturity date, specified fixed interest rate, and can be issued in any denomination aside from minimum investment requirements.

Financial Intermediary

An institution that facilitates the channeling of funds between lenders and borrowers by intermediating between them.

Direct Transfer

A process where assets or funds are moved from one party directly to another without intermediaries.

Capital Market Security

Financial instruments like stocks and bonds that are traded in capital markets involving long-term investments.