Which of the following did NOT contribute to the Great Recession of 2007-2009?
A) The collapse of the U.S. housing market.
B) The tremendous growth of the sub-prime lending market.
C) The liquidity crisis that resulted when banks became unwilling to lend into a collapsing market.
D) All of the above contributed to the Great Recession.
D
Business
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Flynn Company purchased merchandise inventory with an invoice price of $3,000 and credit terms of 2/10, n/30. What is the net cost of the goods if Flynn Company pays within the discount period?
A . $2,940 B. $3,000 C. $2,760 D. $2,700
Business
This is a treaty in which two or more nations agree to reduce or eliminate barriers, opening their borders to freer mutual trade.
A) Protectionism B) Free trade agreement C) Customs union D) Global trade compliance
Business