If the principal and agent agree in advance how long their relationship will last, their agreement is called?
A) an agency at will
B) an agency of purpose.
C) an express agreement.
D) a term agreement.
D
Business
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Collateral is a(n) ________ that a borrower promises to give to the bank if that borrower is unable to repay the bank’s loan.
A. document B. liability C. asset D. interest payment
Business
Under a capital lease, each monthly payment is debited by the lessee to Rent Expense
Indicate whether the statement is true or false
Business
Frequent flier miles are an example of ________ programs
A) customer differentiation B) customer identification C) loyalty D) customer lifetime E) product champion
Business
The IMF created the __________ to replace the dollar as a reserve currency.
Fill in the blank(s) with the appropriate word(s).
Business