under hire purchase scheme the buyer is called __________

An economic condition when there is one buyer and many sellers is called ______

When there is only one buyer and one seller of product, it is called _______ situation.

A situation in which consumer purchases are unplanned is called :

The object under thermodynamical study is called

A housing down payment is money that a prospective buyer provides up front when purchasing a home and is usually a percent of the purchase price of the home. A lender typically requires private mortgage insurance (PMI) when the buyer's down payment is less than 20% of the purchase price. To secure a mortgage buyers also need to have additional cash on hand for closing costs and prepaid property tax. Suppose a buyer wants to purchase a $375,000 house and must have $7,200 on hand for closing costs and property tax. Which of the following inequalities represents the total funds (f) the buyer must have on hand to secure the mortgage without having to pay PMI?