Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

A. What does each of the following definitions refer to (max 3 words each): (4.5marks) 1. It refers to putting money aside for future use

image text in transcribed

A. What does each of the following definitions refer to (max 3 words each): (4.5marks) 1. It refers to putting money aside for future use and not using it, thus involving low risk and low returns. 2. An act of trading an asset, or conducting transactions, that has significant risk of losing most or all of initial outlay, in expectation of substantial gain. 3. They represent the productive capacity, i.e. can be used to produce goods and services

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

More Books

Students also viewed these Finance questions

Question

12-7: Are nonverbal expressions of emotion universally understood?

Answered: 1 week ago

Question

Explain the synchronous digital hierarchy.

Answered: 1 week ago