Account is format banking, brokerage or business relationship established to provide for regular services. dealings and other financial transactions. Which of the following phenomenon(s) are also referred by term, Account ?
Correct answer: D. All of these
- A. A precise list or enumeration of financial transactions
- B. Money deposited for checking savings or breakage use
- C. A customer having business or credit relationship with a firm
- D. All of these
Explanation
An account may mean a financial transaction record, money held for banking use, or a customer relationship maintained by a business. Since all three meanings are valid, “All of these” is the inclusive answer.
Report an error
The more specific you are, the faster it gets fixed. A source beats an opinion.
Prefer email? [email protected]
About Microeconomics
Individual consumers, firms and markets are examined through demand and supply, elasticity, consumer choice, production, costs, revenue and the determination of prices and output. The topic also covers market structures such as perfect competition, monopoly and oligopoly, plus market failure, externalities and the distinction between microeconomic decisions and economy-wide outcomes.
Practise Microeconomics
1,742 free Microeconomics MCQs from Economics, each with the correct answer and an explanation. Unlimited attempts, no account needed.
Discussion
Stuck on an option, or know a faster way to get there? Ask or explain it here.
No comments yet. Be the first to explain this one.
Exams that ask Economics questions like this
Economics is on 3 papers prepared for on TestUstad, and all of them draw the same bank, so this question is worth knowing for every one of them.
More Microeconomics questions
How is termed the legal proceeding in which debtor remains unable to pay his creditors in full ?
What is called the trade of goods or services without the exchange of money ?
Which term is used for an addition to normal payment by a company or extra payment of gratuity to workers ?
A supply curve is directly affected by ?
when a market is in equilibrium ?
If the diagram of a line shows that lower values on the vertical scale are associated with higher values on the horizontal scale this is an example of ?