What refers to the need, want or desire for a product backed by the money to purchase it ?

Related Mcqs:

What do you call any particular raw material or primary product such as cloth, wool, flour, coffee, etc ?

A. Utility B. Necessity C. Commodity D. Stock...

Mr. Bacani borrowed money from the bank. He received from the bank P1,842 and promised to repay P2,000 at the end of 10 months. Determine the rate of simple interest?

A. 12.19 % B. 12.03 % C. 11.54 % D. 10.29 %...

What are the common methods of computing depletion charge ?

A. Rational method and irrational method B. Conservative method and conventional method C. Unit method and percentage method D. Discrete method and depletion allowance method...

What is used to record historical financial transactions ?

A. Bookkeeping system B. Ledger system C. Balance check D. General journal system...

The true value of interest rate computed by equations for compound interest for a 1 year period is known as __________________?

A. Expected return B. Nominal interest C. Effective interest D. Economic return...