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As Productivity Increases,the Cost of Producing Goods and Services Is

question 199

True/False

As productivity increases,the cost of producing goods and services is likely to fall.
Level of Learning 1: Knowledge of key terms


Definitions:

Negotiable Instrument

A written document guaranteeing the payment of a specific amount of money, either on demand or at a set time, with the payer named on the document.

Stop Payment

A stop payment is a request made to a financial institution to cancel the processing of a check or payment transaction before it has been finalized.

Bills Of Exchange Act

Legislation governing the creation, transfer, and payment of bills of exchange, a type of negotiable instrument.

Cheque

A bill of exchange that is drawn on a banking institution, and payable on demand.

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