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What is the known as the degree to which a product meets preestablished standards?
it is known as Conformance.
The initial amount of money borrowed or saved?
principal
How is the cost of interest similar to the price of any merchandise item?
The interest rate is such that the supply of money available to lend matches the demand for money to be borrowed.
Is a charge levied for borrowing money generally earning a percentage of the amount borrowed?
Interest On E2020 Government quiz
What interest is calculated on both the amount borrowed and any previous interest?
Compound interest, but only if the previous interest is accumulated.
Marshal borrowed what from the marginalists?
demand A+
The amount of money you borrowed is called the what?
The original amount of money borrowed is known as the principal.
What refers to the original amount of money borrowed?
The original amount of money borrowed is known as the principal.
What is a pre established amount that can be borrowed on demand?
A pre-established amount that can be borrowed on demand is typically referred to as a line of credit. This financial arrangement allows borrowers to access funds up to a specified limit at any time, usually with flexible repayment options. Interest is generally charged only on the amount drawn, not the total credit limit. Lines of credit are commonly used for personal expenses, business needs, or managing cash flow.
What is the predetermined amount the borrower must pay for the use of borrowed money?
Interest is a predetermined amount that a borrower must pay for the use of borrowed money. Interest is calculated as a percentage of the amount borrowed.
Marshal borrowed the concept of?
Marshal borrowed the concept of forces of demand and supply. This is a concept that had been established by Smith and Ricardo.
A charge for borrowed money usually the percentage of the amount borrowed is called?
That is called "interest"
What is A preestablished value indicating a level of acceptable practice?
The answer is a Threshold Value
What is the known as the degree to which a product meets preestablished standards?
it is known as Conformance.
What is amount of money borrowed or saved?
principal
What is the amount of money borrowed or saved?
principal
What is a borrowed capital?
it is that amount of capital which is borrowed by the entrepreneur(s) from the bank or other financial institutions etc.
