A discount loan features a series of repayments to the bank
Indicate whether the statement is true or false.
Answer: FALSE
Explanation: A discount loan has a lump sum up front (principal borrowed) and a lump-sum payment at maturity (principal and interest).
You might also like to view...
Greta is marketing a product that is technologically advanced and requires a great deal of explanation. Which direct response tool should she use?
A) direct mail B) e-mail C) infomercial D) inbound telemarketing E) outbound telemarketing
A characteristic of descriptive research is that it is often the front end of total research
Indicate whether the statement is true or false
Which of the following is needed to ensure accurate responses that reflect the feelings of the entire population?
A) Sampling bias B) Leading questions C) Validity D) Representative samples E) Online surveys
If the standard deviation in a sample is 1 and the sample size is 25, then the standard error of the mean is ______.
a. 0.20 b. 2.00 c. 1.44 d. 2.63