Which of the Following Is an Example of an Intermediate

question 124

Multiple Choice

Which of the following is an example of an intermediate good?

• A)​a pair of jeans sold by a clothing retailer
• B)​cloth sold to a suit manufacturer
• C)​a share of Wal-Mart stock
• D)​a used Ford Mustang sold from one neighbor to another

Comprehend the penalties and terms associated with early withdrawal from savings instruments.

Analyze the impact of money's physical condition and circulation frequency on its lifespan.

Understand the primary functions and characteristics of money including acceptability, stability, portability, and divisibility.

Recognize the impact of inflation on purchasing power and how it relates to the concept of stability of money.

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Definitions:

Caveat Emptor

A Latin phrase meaning "let the buyer beware," indicating that the responsibility for due diligence on a purchase lies with the consumer.

Caveat Emptor

A principle in commerce that places the responsibility on the buyer to perform due diligence before making a purchase.

Principle

A fundamental truth or proposition that serves as the foundation for a system of belief or behavior or for a chain of reasoning.

Ethics of Exchange

Moral principles that govern the conduct of transactions between buyers and sellers, ensuring fairness and honesty in the marketplace.