If the surety has to perform the principal's obligation, then the surety acquires all the rights that the creditor had against the principal. This is known as the surety's right ________.
A. to compensation
B. to contribution
C. to reimbursement
D. of subrogation
Answer: D
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If the mortgage-tilt problem does not exist in an economy, it implies that the _____ rate in the economy is zero percent.
A. inflation B. unemployment C. interest D. average tax
Savings accounts that require a minimum balance and have earnings based upon market interest rates are known as _________________________ accounts.
Fill in the blank(s) with the appropriate word(s).
A bailee has a responsibility to take appropriate care of the bailed property.
Answer the following statement true (T) or false (F)
A manager at Dillard's discovers that JCPenney has reduced the price of its children's Levi's from $31.99 to $24.99, according to an advertisement in the Sunday newspaper. She immediately phones her store and instructs the salesperson on duty to put a sign up next to their children's Levi's that reads, "SALE: $24.99." This is an example of what pricing strategy?
A. Secondary-market pricing B. Periodic discounting C. Reference pricing D. Random discounting E. Comparison discounting