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Indicate which of the following statements is true or false
Statement
TRUE
FALSE
1.A consumer is a person who uses goods and services to satisfy needs and wants
T
F
2.Inflation refers to a situation where the value of money has reduced
T
F
3.If consumer has the right to be given goods and services on credit
T
F
4.Hoading is a term used to refer to a situation where manufacturers hides goods to create artificial shortage
T
F
5.Consumers who know their right cannot be exploited
T
F
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