Price level is the average of current prices across the entire spectrum of goods and services produced in all of the economy.
Price level is the average of current prices across the entire spectrum of goods and services produced in all of the economy.
A price ceiling is a fixed maximum price a seller may charge for a product or service.
A financial asset is a liquid asset that gains its value from a contractual right or an ownership claim. Cash, stocks, bonds, mutual funds as well as bank deposits are the examples of financial assets.
Financial distress is a condition in which a company or an individual is not able to generate profit due to their inability to pay their financial obligations.
Wire fraud is a fraudulent action in which a scheme to defraud or get money based on false representation or promises is built.
A waiver of demand is a legally bounding agreement issued by a party that endorsed a check or bank draft.