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
1
Q
what is meant by supply
A
the amount that sellers are willing and able to sell at any given price
2
Q
what is a stakeholder
A
an individual or a group that has an interest and is affected by activities of business
3
Q
what is an interest rate
A
percentage payment over a period of time that is given to savers or paid by borrowers
4
Q
what is an exchange rate
A
price of buying foreign.currency