The act of performing a contract or the offer of payment of money due under a contract is known as a(n) :

A) Guarantee
B) Tender
C) Seal
D) Estoppel
E) Consideration

Which of the following lists of exchange-rate systems is arranged in proper historical order, from earliest to most current?

A) Bretton Woods system, gold standard, managed float
B) gold standard, managed float, Bretton Woods system
C) managed float, Bretton Woods system, gold standard
D) gold standard, Bretton Woods system, managed float

If for some reason U.S. residents increase their purchases of foreign assets, then all else constant which curve in the market for foreign-currency exchange shifts and which direction does it shift? What happens to the exchange rate?

Mary received an unsolicited selection of CDs in the mail with a letter informing her that she was now a member of the CD of the Month Club. It also said that if she didn't want these CDs, she could simply send them back. Otherwise, she would be billed $10 for each CD at the end of the month. She simply put them away, and did not respond. They continued to send her more CDs each month until she had received 100 of them over a period of 10 months. The club then sent her a letter demanding payment or they would take legal action. Explain her legal obligation in these circumstances.

Which of the following is an example of an intermediate good?

A) The flowers that Mr.Grover buys at a local nursery
B) The flowers that Timmy picks from a neighbor's garden and brings to Mrs.Grover
C) The flour that Grandma buys to bake a birthday cake
D) The flour that Joe buys so that he can eat pizza three nights a week
E) The flour that Amy orders each month for the bakery she manages

The distinction between a guarantee and a(n) ________ is important, because in most provinces the Statute of Frauds requires that only a guarantee be in writing.

A) obligation
B) agreement
C) promise
D) indemnity
E) interest