The Latin Term "Ceteris Paribus" Means

question 175

Multiple Choice

The Latin term "ceteris paribus" means

• A) "false unless proven true."
• B) "other things remaining the same."
• C) "after this, therefore because of this."
• D) "what is true of the whole is not necessarily true of the parts."
• E) "obviously true."

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Definitions:

Drawee

The party that is ordered to pay a draft or check. With a check, a financial institution is always the drawee.

Payee

The individual or entity to whom a payment is to be made or has been made, typically in the context of financial transactions.

Promissory Note

A written promise to pay a specified sum of money to a designated person at a fixed or determinable future time.

Debt

An amount of money borrowed by one party from another, often used for making big purchases that require immediate payment.