Saving Is Like

question 8

Multiple Choice

Saving is like:

• A) selling the right to use your money for a time.
• B) buying the right to use someone else's money.
• C) selling the right to use someone else's money.
• D) buying the right to use your money for a time.

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Definitions:

Consolidation

The process of combining the financial statements of a parent company with those of its subsidiaries to present as if the group of companies was a single economic entity.

Amortization

The gradual reduction of a debt or the cost of an intangible asset over a specified period of time.

Acquisition

The method where one corporation acquires the majority or entirety of another corporation's shares to obtain dominance over that corporation.