REQUIRED State the term that best describes each of the statements below. (10 marks) INFORMATION 1.1.1 The ability of an entity to satisfy its short-term obligations as they become due. 1.1.2 The market that comprises institutions which make funds available for long periods of time. 1.1.3 An account that is a combination of two or more accounts at a bank, where at least one account is used to deposit money from customers and make operating payments. An arrangement with a bank to have a debit balance in a current account up to a certain limit. A plan expressed in financial terms. 1.1.4 1.1.5 1.1.6 The activity level at which total costs equal total revenues. 1.1.7 1.1.8 The order quantity at which the total cost of ordering and carrying the inventory will be at its lowest or optimum level. A form of long-term debt that enables companies to raise funds from the public. 1.1.9 A key financial market that deals in short-term funds.