Intro to Business Semester Review Quiz

The quantity of a good or service that consumers are willing to buy at a given price

The quantity of a good or service a producer is willing to produce at different prices

Compares the cash balance to its bank statement

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OFF

The act of leaving one's job and ceasing to work

Advance a sum of money to the borrower. In return, the borrower agrees to a particular set of terms, including any finance charges, interest, repayment date, and other conditions

Are known as lenders, persons, businesses, and service providers

Ability to purchase goods and services; acquire (something) by paying for it; buy

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OFF

An organization or business that provides types of financial services to customers and deals with various monetary transactions that include cash deposits, loans, raising capital, and exchanging securities

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OFF

Is money's potential to grow in value over time. The relationship between time, money, a rate of return, and earnings growth

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OFF

When all deductions are taken out of gross pay