Pages 31-38 Flashcards

0
Q

what is meant by demand

A

the amount that buyers are willing and able to purchase at any given price

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1
Q

what is meant by supply

A

the amount that sellers are willing and able to sell at any given price

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2
Q

what is a stakeholder

A

an individual or a group that has an interest and is affected by activities of business

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3
Q

what is an interest rate

A

percentage payment over a period of time that is given to savers or paid by borrowers

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4
Q

what is an exchange rate

A

price of buying foreign.currency

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