The arrangements between buyer and seller as to when payments for merchandise are to be made are called credit terms.
Payment is the transfer of money, items, or offerings in alternate for goods and services in suited proportions which have been formerly agreed upon via all parties worried. Payment can be made in the form of services exchanged, coins, tests, twine transfers, credit cards, debit cards, or cryptocurrencies.
Form of payment method coins, a take a look at, a debit card, pay as you go card or every other approach with the aid of which customers pay for goods or services, and consists of particular brands (e.g., big name, NYCE) or sorts (e.g., PIN debit) of debit playing cards or another manner of the fee.
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The client should be told that the potential buyer is prepared to pay $25,000 more than the asking price. This is further explained below.
<h3>What is a real estate broker?</h3>
Generally, Real estate brokers are real estate agents who successfully complete additional schooling requirements and get a state real estate broker license.
In conclusion, Informing the customer that a buyer is willing to pay $25,000 more than the asking price is appropriate.
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Answer: Internet of Things
Explanation:
The above scenario explained in the question shows that John is utilizing the Internet of Things.
Internet of Things (IoT) simply refers to the internet-connected objects which can be used to gather data over a wireless network and also transfer them.
The Internet of things is vital in this case as it helps to to have devices that self report in real-time, and improving efficiency.
The "money" portion is an erroneous reference to credit cards as a form of money, which they are not. Although credit cards do facilitate transactions, because they are a liability rather than an asset, they are not money and not part of the economy's money supply.
<h3>Why is credit cards not considered as money?</h3>
Credit cards and debit cards are not considered to be money, even though they are used to purchase goods and services. It is so because they are not issued by Federal Reserve which has a monopoly over money supply in the U.S.
<h3>Why are credit cards excluded from the equation for money supply?</h3>
When calculating the money supply, the Federal Reserve includes financial assets like currency and deposits. In contrast, credit card debts are liabilities.
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