What is repossession?
A) a right granted to a debtor to take possession of the collateral after repayment of the debt
B) a right granted to a debtor to take possession of the collateral before repayment of the debt
C) a right granted to a secured creditor to take possession of the collateral on default by the debtor
D) an act of possession of the collateral by the court owing to default by both debtor and creditor
C
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Which major communication tool makes use of displays, discounts, coupons, and samples?
A) sales promotion B) sponsorship C) publicity D) public relations E) advertising
Time value of money is important because
A) you do not want to wait a long time to get paid. B) deflation eats away at the value of a dollar. C) the present value of future cash flows is affected by inflation. D) time value of money is not as important to a person's finances as budgeting.